Silver, like gold, has enjoyed a long history of use for adornments and currency. This ductile metal has woven its way into history - evidenced by its chemical symbol Ag from the Latin argentum - and even found a home in popular myths as the white ward against evil creatures. Futures and physical contracts trade on more than one exchange, but these specifications are for the COMEX silver futures contract.

Contract Size: 5,000 troy ounces

Price Quote & Tick Size: US cents per troy ounce; minimum tick size is half a cent per ounce or $25.00 per contract.

Contract Months: According to the exchange, “Trading is conducted for delivery during the current calendar month; the next two calendar months; any January, March, May, and September falling within a 23-month period; and any July and December falling within a 60-month period beginning with the current month.”

Trading Specs: Open outcry trading is conducted from 8:25 AM until 1:25 PM ET.

Electronic trading is conducted via the CME Globex® trading platform from 6:00 PM Sundays through 5:15 PM Fridays, ET, with a 45-minute break each day between 5:15 PM and 6:00 PM.

Daily Price Limit: As of date of initial publishing, there were no daily limits; however, it is wise to consult exchange.

Trading Symbols: SI