Metals Products
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Silver 
 

Silver futures are hedging tools for commercial producers and users of silver. They also provide global price discovery and opportunities for portfolio diversification. In addition, they offer:

  • Trading opportunities based on expectations of directional price, spread movement or volatility
  • Access to a highly liquid metals market
  • The benefits of central clearing, including guaranteed counterparty credit and segregation of customer funds
  • Price transparency, giving all market participants equal access while maintaining anonymity in all bids and offers

Things to know about the contracts:

  • Physically delivered
  • Block-trade eligible
  • Can be traded off-exchange for clearing only through CME ClearPort

About Silver
Silver has attracted people’s interest for thousands of years. In ancient times, silver deposits were plentiful on or near the earth's surface. Relics of ancient civilizations include jewelry, religious artifacts, and food vessels formed from the durable, malleable metal.

In 1792, silver assumed a key role in the United States monetary system when Congress based the currency on the silver dollar, and its fixed relationship to gold. Silver was used for the nation's coinage until its use was discontinued in 1965.

Newly mined metal provides most of the needed supply, and Mexico, the United States, and Peru are the primary producers. Secondary silver sources include coin melt, scrap recovery, and dishoarding from countries where export is restricted. Secondary sources are particularly price sensitive.

 
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