LME Silver

The LME Silver contract combines daily tradeable dates with monthly and quarterly trading dates. In this way, the system seamlessly blends the daily structure of the London over-the-counter (OTC) market, and the monthly futures approach of existing exchange offerings.

The contract can be traded electronically from 01.00 to 20.00 (London time) via LMEselect, and through the 24-hour inter-office telephone market.

Data valid for 19 June 2018

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 16.325
Month 1 16.355
Month 6 16.540
Month 12 16.785
Month 24 17.300

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
15 Jun 972    -
14 Jun 698 5,895
13 Jun 220 5,739
12 Jun 562 5,810
11 Jun 199 5,857
8 Jun 637 5,848
7 Jun 455 6,259
6 Jun 4,779 6,369
5 Jun 713 5,572
4 Jun 456 5,513
1 Jun 585 5,488

Volumes are quoted in lots and published T+2 days in arrears
2 Market Open Interest (the total of member and client open positions in lots) is published T+3 in arrears

LME Silver Volumes and Market Open Interest: Current calendar year

LME Silver reference prices, US$ per fine troy ounce

 LME Silver
Date AM Midday PM 
19 Jun 16.390 16.355 16.325
18 Jun 16.610  16.595 16.525
15 Jun 17.215 17.225 16.795
14 Jun 17.140  17.125  17.185
13 Jun 16.860 16.905 16.945
12 Jun 16.880 16.855  16.895 
11 Jun  16.780  16.775  16.900
08 Jun 16.700  16.720 16.780
07 Jun 16.740 16.750 16.825
06 Jun 16.520 16.535 16.725
05 Jun 16.425 16.390 16.410
04 Jun 16.450  16.445 16.500
01 Jun 16.470  16.435 16.450  

 

LME Silver Reference prices: Current calendar year

LME Silver Closing Prices

LME Silver Contract specifications

Name Silver
Contract code AG
Contract type
Futures
Underlying material
Loco London Fine Silver held in London and complying with standards relating to good delivery and fineness acceptable to the Precious Metal Clearer of the Clearing House for the purpose of effecting settlement with the Clearing House, as such standards are in effect from time to time
Lot size
5,000 troy ounces
Price quotation
US Dollars and cents per troy ounce
Clearable currencies
US Dollars
Trading venues
LMEselect Inter-office market
Trading Hours 01:00 – 20:00 London time
24 hours
Contract period
Daily Dates tradeable from T+1 to T+3, Monthly Dates for at least 24 months (third Wednesday Prompt) and for a further twelve Calendar Quarterly Dates, as defined in the LME Rulebook
Daily Dates tradeable from T+1 to T+25 Monthly Dates for at least 24 months (third Wednesday Prompt) and for a further twelve Calendar Quarterly Dates, as defined in the LME Rulebook
Minimum price fluctuation (tick size)
$0.00500 per troy ounce
$0.00001 per troy ounce
(Carries) $0.00001 per troy ounce $0.00001 per troy ounce
Termination of trading
The last trading time for LMEprecious Silver Futures shall be 16:00 London time on the Last Trading Day. The Last Trading Day for LMEprecious Silver Futures shall be the Business Day which is one Business Day before the Prompt Date.
Settlement procedure
All unallocated Precious Metal deliveries to LME Clear should be made to LME Clear's nominated Precious Metal Clearer, in accordance with the Settlement Instructions issued by LME Clear
Margining
Realised Variation Margins applied

1 Defined terms used in this contract specification shall have the meaning ascribed to them in the LME Rulebook or LME Clear Rulebook (as appropriate)

LMEprecious data providers

The market data providers in the list below provide real-time pricing for LMEprecious contracts.