Silver

Futures and Options
Globex Code
SIH5
Last
32.655
Change
-0.071 (-0.22%)
Volume
105,479
Last Updated16 Feb 2025 01:07:37 AM CT.
Market data is delayed by at least 10 minutes

Silver Futures - Contract Specs

Contract Unit
5,000 troy ounces
Price Quotation
U.S. dollars and cents per troy ounce
Trading Hours
CME Globex:
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)

TAS: Sunday - Friday 6:00 p.m. - 1:25 p.m. (5:00 p.m - 12:25 p.m. CT)

TAM: Sunday - Friday 6:00 p.m. ET - 12:02 p.m. London time
CME ClearPort:
Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday from 4:00 p.m. - 5:00 p.m. CT
Minimum Price Fluctuation
Outright:
0.005 per troy ounce = $25.00

TAS/TAM: Zero or +/- 10 ticks in 0.001 increments
CALENDAR SPREAD
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 24 consecutive months and any Jul and Dec 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.
TAM or TAS Rules
Trading at Settlement (TAS) is subject to the requirements of Rule 524.A. TAS trades off a "Base Price" of zero (equal to the daily settlement price) to create a differential versus the daily settlement price in the underlying futures contract month. The TAS clearing price equals the daily settlement price of the underlying futures contract month plus or minus the TAS transaction price.

Trading at Marker (TAM) is analogous to Trading at Settlement (TAS) wherein parties are permitted to trade at a differential to a not-yet-known price. TAM uses a marker price, whereas TAS uses the Exchange-determined daily settlement price for the underlying futures contract month.
Settlement Procedures
Position Limits
Exchange Rulebook
Block Minimum
Price Limit or Circuit
Vendor Codes
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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