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Silver (CBOT)

Contract Size

5,000 fine troy ounces

Deliverable Grades

For each futures 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

Tick Size

$.001 per troy ounce, $5 per contract

Price Quote

Dollars and cents/fine troy ounce.

Contract Months

First 3 consecutive months; 2 Jan, 2 Mar, 2 May, and 2 Sep; 5 July and 5 Dec

Last Trading Day

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

Settlement

Consult Exchange.

Trading Hours

Electronic: 6:16 pm to 4:00 pm, Central Time, Sunday-Friday.
Trading in expiring contracts closes at 12:25 pm on the last trading day.

Ticker Symbols

100% Electronic: 7:16 pm to 4:00 pm, Central Time, Sunday-Friday.

Daily Price Limit

None.

Ticker Symbols Exchange
CBOT