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Silver Futures

Contract Unit

5,000 troy ounces

Price Quotation

U.S. dollars and cents per troy ounce

Trading Hours

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)

Minimum Price Fluctuation

Outrights: 0.005 per troy ounce = $25.00

Spreads: 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 3 consecutive months and any January, March, May, and September in the nearest 23 months and any July and December 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.

Trade At Marker Or Trade At Settlement Rules

Trading at Settlement (TAS) is allowed in the first, second, third and fourth 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.

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.