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miNY Silver Futures Contract Specs

Product Symbol QI
Venue CME Globex
Hours
(All Times are New York Time/ET)
CME Globex: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Contract Size 2,500 troy ounces
Price Quotation U.S. cents per troy ounce
Minimum Fluctuation $0.0125 per troy ounce
Floating Price The floating price for each contract month is equal to the COMEX Silver Futures contract's settlement price for the corresponding contract month on the third last business day of the month prior to the named contract month.
Termination of Trading Trading terminates on the third last business day of the month preceding the delivery month.
Listed Contracts Trading is conducted in any January, March, May, July, September, and December contract month falling within the current 24-month period for which a 5,000 Troy Ounce Silver Futures contract is listed.
Settlement Type Financial
Settlement Procedure Daily miNY Silver Settlement Procedure (PDF)
Final miNY Silver Settlement Procedure (PDF)
Position Limits NYMEX Position Limits
Rulebook Chapter 912
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of COMEX.