Contract Unit | 5,000 troy ounces | ||||
Price Quotation | U.S. Cents per troy ounce Please note: Prices are disseminated in U.S. Dollars and Cents |
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Trading Hours | CME Globex: | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | CME ClearPort: | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | |
Minimum Price Fluctuation | Outright transactions: $0.005 per troy ounce. Straddle or spread transactions and settlement prices: $0.001 per troy ounce. | ||||
Product Code | CME Globex: SICME ClearPort: SIClearing: SITAS: SIT | ||||
Listed Contracts | Trading is conducted for delivery during the current calendar month; the next two calendar months; any January, March, May, and September falling within a 23-month period; and any July and December falling within a 60-month period beginning with the current month. | ||||
Settlement Method | Deliverable | ||||
Termination Of Trading | Trading terminates at 12:25 p.m. CT on the third last business day of the delivery month. | ||||
Trade At Marker Or Trade At Settlement Rules | Trading at Settlement (TAS) is allowed in the first nearby active and second nearby active contract months-March, May, July, September and December. TAS transactions may be executed at the current day’s settlement price or at any valid price increment ten ticks higher or lower than the settlement price. | ||||
Settlement Procedures | Silver Settlement Procedures | ||||
Position Limits | NYMEX Position Limits | ||||
Exchange Rulebook | COMEX 112 | ||||
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. | ||||
Grade And Quality | Silver delivered under this contract shall assay to a minimum of 999 fineness. |