Our new physically delivered 1,000-oz. Silver Futures contract (SIL) gives more customers an efficient and less-expensive vehicle to participate in the market.
Although one-fifth the size of our benchmark Silver Futures contract, SIL is fungible with the full-size contract. The contract also permits delivery of five Accumulated Certificates of Exchange, or ACEs, and the conversion of all five certificates into one COMEX Silver Warrant. These features allow for delivery of silver bars and provide maximum flexibility for our customers in the metals marketplace.
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