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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
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.