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	Outrights: 0.005 per troy ounce = $25.00 Spreads: 0.001 per troy ounce = $5.00
Product Code	CME Globex: SI CME ClearPort: SI Clearing: SI TAS: SIT
Listed Contracts	Monthly contracts listed for 3 consecutive months and any January, March, May, and September in the nearest 23 months and any July and December in the nearest 60 months
Settlement Method	Deliverable
Termination Of Trading	Trading terminates at 12:25 p.m. CT on the third last business day of the contract month.
Trade At Marker Or Trade At Settlement Rules	Trading at Settlement (TAS) is allowed in the first, second, third and fourth 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 up to 10 ticks higher or lower than the settlement price. TAS trading terminates 3 business days prior to the contract month.
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.

Quick Links

Contract Related

Product Related

Delivery Notices

Resources

Send Us Feedback

Who We Are

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

Contact Us

View All

CME Group / Chicago HQ

Phone: +1 312 930 1000

Toll Free (US Only): +1 866 716 7274

Margin Services