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Silver Quotes

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Silver Futures Quotes

The silver futures price is different than the silver options price. Commodity and futures prices like silver prices are usually quoted the same way prices are quoted in the cash market (physical market). That is, in dollars, cents, and sometimes fractions of a cent. Different commodities are quoted in different trading units. silver prices are quoted per ounce. Be certain you understand the price quotation system for the particular commodity that you consider trading.

The NYMEX silver futures contract is a contract for future physical delivery of 5,000 ounces of silver; however, the vast majority of the futures positions are offset well before delivery. The NYMEX silver futures contract is priced in dollars and cents per troy ounce. The silver futures trade in ½ cent increments, equivalent to $25.00 per contract.

Example of Futures Quote:

9.375 means $9.375 or $9.37 ½ per ounce

Silver Options Quotes

The NYMEX silver options contract controls 5,000 ounces of silver based on the underlying futures contract. 10¢ ($0.10) and 25¢ ($0.25) per ounce apart for strike prices less than or equal to $8.00; 25¢ ($0.25) per ounce apart for strike prices greater than $8.00 and up to $15.00; and 50¢ ($0.50) per ounce apart for strike prices greater than $15.00 during the first six nearby trading months. For all other months up to two years to expiration, increments are 25¢ ($0.25) per ounce apart for strike prices up to $8.00; 50¢ ($0.50) per ounce apart for strike prices greater than $8.00 and up to $15.00; and $1.00 per ounce apart for strike prices greater than $15.00. For months greater than two years to expiration, strike increments will be $1.00.

Example of Options Quote:

0.651 means $.651
$.651 X 5,000 ounces = $3,255

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Silver Price Quotes

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Commodity trading is not suitable for everyone. The risk of loss in trading can be substantial. The risk of loss in trading can be substantial. This material has been prepared by a sales or trading employee or agent of Van Commodities, Inc. and is, or is in the nature of, a solicition. This material is not a research report preparfed by Van Commodities, Inc. Research Department. Please view our Risk Disclaimer.

 
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