Silver Futures Contract Specs

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*
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: SI CME ClearPort: SI Clearing: SI TAS: 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, second and third 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.

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