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CONTRACT SPECIFICATION
Traded Commodity | Silver COMEX |
Commodity Code | SIE |
Contract Size | 5,000 troy ounces / lot |
Quotation Unit | USD / troy ounce |
Trading Hours (GMT+7) | Monday - Friday: 05:00 - 04:00 (the next day) |
Price Increment | 0.005 USD / troy ounce |
Expiration Months | As regulated by MXV |
| Registration Deadline for Delivery | 5 business days before the first notice day |
First Notice Day | The last business day of the month preceding the expiration month |
Last Trading Day | The last third business day of the expiration month |
Margin | As regulated by MXV |
| Position Limits | As regulated by MXV |
| Price Fluctuation Limit | As regulated by MXV |
| Payment Method | No physical delivery |
| Quality Standards | Standards are detailed below |
Quality Standards:
According to the regulations for the Silver COMEX product traded on the COMEX Exchange.
The traded silver metal must meet a purity level of 99.9% or must belong to one of the brands accepted for trading by the exchange.
All silver bars traded must be stamped with information regarding the weight, purity, serial number of the silver bar, and the brand, accompanied by documentation of the weight measurement process.
The measurement of weight must be performed by a Weighmaster, with a certification stamp engraved on each silver bar.
A certification issued by the Weighmaster must accompany the list of silver bars.
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