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London Spot Silver Futures Contract Specs

Contract Unit 5,000 Troy Ounces
Price Quotation U.S. Dollars and Cents per Troy Ounce
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation $0.005 per Troy Ounce
Settlements and Inter-Commodity Spreads:  $0.001 per Troy Ounce
Product Code CME Globex: SSP
CME ClearPort: SSP
Clearing: SSP
Listed Contracts Daily contracts listed for 1 day.
Settlement Method Deliverable
Termination Of Trading Trading terminates at the close of business on the contract day.
Settlement Procedures Daily Settlement Procedure 
http://www.cmegroup.com/confluence/display/EPICSANDBOX/London+Spot+Silver
Position Limits NYMEX Position Limits
Exchange Rulebook COMEX 130
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Delivery Period The second London banking business day following the trading day, or, if that date is not a New York banking day, the first subsequent day that is a banking day in both London and New York.
Grade And Quality Silver delivered under this product shall assay to a minimum of 999 fineness.