Silver Daily Futures

ICE Futures Europe

A physically settled daily futures contract for silver delivered loco London in unallocated vault accounts.

Trading Screen Product Name: Silver Daily Futures
Trading Screen Hub Name: ICEU
Contract Symbol: XAG
Contract Size: 5,000 troy ounces
Price Quotation: US Dollars and Dollar cent per fine troy ounce
Eligible Contract Dates: London Business Days on which commercial banks are generally open for business.
Minimum Price Fluctuation: One half cent ($0.005) per fine troy ounce ($25.00 per contract) except that Block and EFRP trades may be executed at $0.00001 per fine troy ounce ($0.05 per contract)
Settlement: Physical Delivery
Delivery Locations: Vaults in London operated by an LPMCL member which provides vaulting services for silver.
Grade/Standards/Quality: Silver meeting the specification standards published by the LBMA for silver bars that are acceptable in settlement of unallocated loco London silver transactions, as revised from time to time.
Listing Cycle: Up to 70 Eligible Contract Dates, or as determined by the Exchange
Last Trading Day: The London Business Day prior to the Contract Date; trading in the expiring Contract Date ends at noon London time on LTD.
First Notice Day: The London Business Day prior to the Contract Date.
Off Exchange Trade Types: EFP, EFS and Block Trades permitted
Block Trade Minimum: 1 Lot
Daily Settlement: As determined by the Exchange
MIC Code: IFEU
Clearing Venues: ICEU

*Next Day

Sunday only, 6pm open and 5:30 pm pre-open

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