QUOTE AND NEWS
The Hindu Business Line  Dec 4  Comment 
Silver prices fell Rs 87 to Rs 38,359 per kg at the futures trade as speculators cut down their bets to book profits amid a weak trend overseas. Silver for delivery in March next year was down by R...
The Hindu Business Line  Dec 1  Comment 
Silver prices rose Rs 198 to Rs 37,730 per kg at the futures trade as speculators raised bets amid a firm trend in precious metals overseas. At the Multi Commodity Exchange, silver for delivery in ...
The Hindu Business Line  Nov 30  Comment 
Silver prices rose Rs 116 to reach Rs 38,818 per kg at the futures trade today as speculators created fresh positions owing to a firm trend in precious metals overseas. At the Multi Commodity Excha...
The Hindu Business Line  Nov 29  Comment 
Silver prices rose Rs 115 to Rs 38,734 per kg at the futures trade as speculators raised bets amid a firm trend in precious metals overseas. At the Multi Commodity Exchange, silver for delivery in ...
The Hindu Business Line  Nov 28  Comment 
Silver prices were trading down by Rs 76 at Rs 39,190 per kg at the futures trade today as speculators cut their holdings at current levels. At the Multi Commodity Exchange, silver for delivery in ...
The Hindu Business Line  Nov 27  Comment 
Silver prices rose Rs 113 to Rs 39,354 per kg at the futures trade as speculators raised their bets amid a firm trend in precious metals overseas. At the Multi Commodity Exchange, silver for delive...
The Hindu Business Line  Nov 24  Comment 
Silver prices rose Rs 128 to Rs 40,181 per kg at the futures trade as speculators raised bets amid a firm trend in precious metals overseas. At the Multi Commodity Exchange, silver for delivery in ...
The Hindu Business Line  Nov 23  Comment 
Silver prices moved down by 0.22 per cent to Rs 40,160 per kg at the futures trade today as traders cut down their bets in line with a weak trend overseas. At the Multi Commodity Exchange, silver f...
The Hindu Business Line  Nov 21  Comment 
Silver prices went up by Rs 147 to Rs 40,052 per kg at the futures trade as participants widened their bets, mirroring a firm trend in the global market. At the Multi Commodity Exchange, silver for...
The Hindu Business Line  Nov 17  Comment 
Silver prices were down by Rs 141 to Rs 40,337 per kg at the futures trade today as traders cut down their bets at prevailing levels, ignoring a firm trend overseas. At the Multi Commodity Exchange...




 
TOP CONTRIBUTORS


COMEX Silver futures are traded on the COMEX division of the NYMEX under ticker symbol SI in U.S. cents per troy ounce.[1]


The chart at left displays the front-month COMEX Silver prices on the COMEX division of the NYMEX Exchange in U.S. cents per troy ounce.

Delivery Dates

COMEX Silver futures are delivered every year in January, February, March, April, May, June, July, August, September, October, November, and December (all months).[1]

The following is a table with COMEX Silver futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
January, 2009SIF9SI/F9-NC
February, 2009SIG9SI/G9-NC
March, 2009SIH9SI/H9-NC
April, 2009SIJ9SI/J9-NC
May, 2009SIK9SI/K9-NC
June, 2009SIM9SI/M9-NC
July, 2009SIN9SI/N9-NC
August, 2009SIQ9SI/Q9-NC
September, 2009SIU9SI/U9-NC
October, 2009SIV9SI/V9-NC
November, 2009SIX9SI/X9-NC
December, 2009SIZ9SI/Z9-NC


Contract Specifications

Contract Size

One COMEX Silver futures contract on the COMEX division of the NYMEX is 5,000 troy ounces.[1]

Tick Value

Price changes for outright transactions, including EFPs, are in multiples of one-half cent (0.5¢ or $0.005) per troy ounce, equivalent to $25.00 per contract. For straddle or spread transactions, as well as the determination of settlement prices, the price changes are registered in multiples of one-tenth of a cent (0.10¢ or $0.001) per troy ounce, equivalent to $5.00 per contract. A fluctuation of one cent (1¢ or $0.01) is equivalent to $50.00 per contract.[1]

Daily Price Limit

None.[1]

Trading Hours

  • On the CME Globex electronic platform: 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM, New York Time.[1]
  • Open Outcry (pit session): 8:25 AM until 1:25 PM, New York Time.[1]

Last Trading Day

Trading terminates at the close of business on the third to last business day of the maturing delivery month.[1]

Deliverable Grades

In fulfillment of each contract, the seller must deliver 5,000 troy ounces (±6%) of refined silver, assaying not less than .999 fineness, in cast bars weighing 1,000 or 1,100 troy ounces each and bearing a serial number and identifying stamp of a refiner approved and listed by the Exchange. A list of approved refiners and assayers is available from the Exchange upon request.[1]

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 The COMEX division of the NYMEX's contract specification for COMEX Silver futures
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