QUOTE AND NEWS
The Hindu Business Line  Apr 6  Comment 
Silver prices edged higher by 0.09 per cent to Rs 38,821 per kg at the futures trade today as speculators created fresh positions.At the Multi Commo
The Hindu Business Line  Apr 4  Comment 
Silver prices rose Rs 26 to Rs 39,009 per kg at the futures trade after investors raised their bets owing to positive global cues.At the Multi Commod
The Hindu Business Line  Apr 3  Comment 
Taking weak cues from overseas markets, silver prices dropped by Rs 225 to Rs 38,805 per kg at the futures trade as participants cut down their bets.
The Hindu Business Line  Apr 2  Comment 
Silver prices went up by 0.49 per cent to Rs 38,510 per kg at the futures trade as participants built up fresh positions owing to positive cues from
The Hindu Business Line  Mar 28  Comment 
Silver prices were up by Rs 36 at Rs 38,700 per kg at the futures trade as speculators widened their bets despite a weak trend in global market. At the Multi Commodity Exchange, silver for
The Hindu Business Line  Mar 21  Comment 
Silver prices rose Rs 81 to Rs 38,297 per kg at the futures trade as speculators built up positions owing to a firm global trend. At the Multi Commodity Exchange, silver for delivery in May
The Hindu Business Line  Mar 19  Comment 
Silver prices fell 0.21 per cent to Rs 38,277 a kg in futures trade today as speculators cut positions amid a weak trend overseas. At the Multi Commodity Exchange, silver for delivery in May move
The Hindu Business Line  Mar 16  Comment 
Taking weak cues from overseas markets, silver prices were down by Rs 66 to Rs 39,024 per kg in futures trade today as participants cut bets. Also, profit-booking at prevailing levels by speculat
The Hindu Business Line  Mar 15  Comment 
Silver prices traded higher by 0.12 per cent to Rs 38,827 per kg at the futures market as participants raised bets owing to positive cues from global markets. At the Multi Commodity Exchang
The Hindu Business Line  Mar 14  Comment 
Taking positive cues from overseas markets, silver prices moved up by 0.40 per cent to Rs 38,977 per kg in futures trade today as participants built up fresh positions. At the Multi Commodi




 
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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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