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Micro Silver Futures Contract Specs

Contract Unit 1,000 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 Outrights: 0.01 per troy ounce = $10.00
Spreads: 0.005 per troy ounce = $5.00
Settlement: 0.001 per troy ounce = $1.00
Product Code CME Globex: SIL
CME ClearPort: SIL
Clearing: SIL
Listed Contracts Monthly contracts listed for 3 consecutive months and any January, March, May, July, September, and December falling within a 12-month period.
Settlement Method Deliverable
Termination Of Trading Trading terminates on the third last business day of the contract month
Settlement Procedures Micro Silver Futures Settlement Procedures
Exchange Rulebook COMEX 121
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Delivery Period Delivery may take place on any business day beginning on the first business day of the delivery month or any subsequent business day of the delivery month, but not later than the last business day of the current delivery month.