CME COMEX:SI Silver Futures

CME COMEX:SI Silver Futures :
Product Code : CME Globex: SI, CME ClearPort: SI, Clearing: SI, TAS: SIT
Contract Unit : 5,000 troy ounces
Price Quotation : U.S. dollars and cents per troy ounce
Minimum Price Fluctuation : Outrights: 0.005 per troy ounce = $25.00
Settlement Method : Deliverable
Trading Hours (CME Globex) : 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)
Termination Of Trading : Trading terminates at 12:25 p.m. CT on the third last business day of the contract month.
Listed Contracts : Monthly contracts listed for 3 consecutive months and any Jan, Mar, May, and Sep in the nearest 23 months and any Jul and Dec in the nearest 60 months.
Grade And Quality : Silver delivered under this contract shall assay to a minimum of 999 fineness.

Spot Silver (XAG/USD) :
Sign of physical silver: Ag from Latin 'argentum'. Atomic number: 47. Code: XAG. XAG refers to the ISO 4217 standard code for One troy ounce of Physical Silver. 1 troy ounce (oz t) = 31.1034768 grams. XAG = 99.99 percent pure silver without traces of any other metals. Physical silver is found in the Earth's crust in the pure, free elemental form of Native Silver as an alloy with gold and other metals. Most silver is produced as a byproduct of copper, gold, lead, and zinc refining. Silver has long been valued as a precious metal. Other than in currency and as an investment medium (coins and bullion), silver is used in solar panels, water filtration, jewellery, ornaments, high-value tableware and utensils, etc.