QUOTE AND NEWS
The Hindu Business Line  Jul 25  Comment 
Silver futures fall to 38,375 per kg
The Hindu Business Line  Jul 20  Comment 
Silver futures drop by Rs 219 per kg
The Hindu Business Line  Jul 16  Comment 
Gold prices rose Rs 59 to Rs 30,164 per 10 gram at the futures trade as speculators raised their bets owing to a firm global trend.At the Multi Comm
The Hindu Business Line  Jul 12  Comment 
Silver futures down at Rs 39,226 per kg
The Hindu Business Line  Jul 11  Comment 
Silver futures move down to Rs 39,577 per kg
The Hindu Business Line  Jul 10  Comment 
Silver futures rise to Rs 39,960 per kg
The Hindu Business Line  Jul 9  Comment 
Silver futures up at Rs 39,903 kg
The Hindu Business Line  Jul 6  Comment 
Gold prices shed 0.11 per cent to 30,910 per 10 gram at the futures trade as speculators reduced their exposure due to a weak global trend.At the Mu




 
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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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