-
Trading
Product Groups
Getting Started
-
-
- Active Trader Daily market data and insight for the Individual Active Trader
-
-
-
- Cryptocurrency Bitcoin futures and other cryptocurrency products are now available.
-
Learn why traders use futures, how to trade futures, and what steps you should take to get started.
-
-
Clearing
-
-
Margin Services
- Try our new interactive margin calculator and evaluate initial margin requirements
-
-
Data
Distributors
Intraday Data
Subscription Based Data
-
-
- MDP (Streaming) Access our market data directly via our Market Data Platform
-
-
-
- E-Quotes Offering charting, analytics, real-time quotes and news on our products
-
-
-
- CME DataMine (Historical) Comprehensive historical price information available on select CME Group contracts
-
-
-
Technology
-
Education
Learn why traders use futures, how to trade futures, and what steps you should take to get started.
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: SICME ClearPort: SIClearing: SITAS: 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
- CME ClearPort
- CME ClearPort Upgrade – Brokers
- CME ClearPort Upgrade – Traders
- Daily Bulletin
- Expiration Calendar
- Find a CME ClearPort Broker
- Fee Schedule
- Membership Overview
- Monthly Metals Review
- Open Interest Tool
- Options Expirations Procedures
- Metals Options Exercise Months
Product Related
- Trade TAS
- Service Providers and Storage Fees
- Trading at Settlement for COMEX Gold and Silver
- Gold as Collateral
- Warehouse & Depository Stocks
Delivery Notices
Resources
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 AllCME Group / Chicago HQ
Phone: +1 312 930 1000
Toll Free (US Only): +1 866 716 7274
