Silver futures

Silver futures

Trading Symbol

Contract Size

Quality Specification

Trading Months

Last Trading Day

New Contract Listing

Price Quote

Tick Size

Price Movement Limit

Max Open Position Limit

Max Order Size

Trading Days

Trading Hours

Wholesale Trades

DS

1,000 troy ounces.

Min 0.999 purity, as per Dubai Good Delivery Standard

Mar, Jul, Sep and Dec

Third last Business Day of the month falling immediately before the Delivery Month

Business Day immediately following Last Trading Day of Expiring Contract

US$ quoted in Cents per troy ounce

US$ 0.005 (US $ 5 per contract)

US$ quoted in Cents - 50 Cents - Note 1*

As determined and specified by the Exchange

200 contracts

Monday through to Friday

07:00 - 23:30 Hours Dubai time (GMT+4)

EFS, EFP, Block trade facilities available

Note 1*: If price breaches the daily price movement limit, trading in particular contract shall continue, with the new trading price range without any cooling period

Initial Margin based on SPAN

Calendar Spread Position Margin

Extra Margin

Delivery Period Margin

Click on the "Initial Margin" TAB

Depending upon each class of asset, spread position margin (Calendar spread margin) is charged using SPAN framework. In case of Silver, 100% benefit is offered on calendar spread position

In case of additional volatility, an Extra Margin as deemed fit by the Exchange; may be imposed on all open positions

Five (5) times of the Initial Margins.

Delivery Unit

Deliverable Weight

Deliverable Quality

Approved CMI / Assayers

Approved Refiners

Approved Vaults

Delivery Period

First Notice Day

Last Notice Day

Delivery Process

Vault charges

Delivery Instrument

Option for Cash Settlement

Silver Cash Settlement Price

30 Kg

30 Kilograms cast in one bar of 1,000 troy ounces (10% more or less)

Minimum 0.999 fineness - Note 2*

Names as listed on the DGCX website

Names as listed on the DGCX website

Names as listed on the DGCX website

First through Fifth Delivery Day of the Delivery Month

Business Day immediately preceding First Delivery Day

Business Day immediately preceding Fifth Delivery Day

The Matching of Buyers and Sellers for Gold delivery will be completed on a time priority basis upon receipt of their Tender/ Delivery Notices

Rates applicable as published on the DGCX website

Dubai Gold Receipt (i.e. Standard DGR along with validated Refiner's certificate or CMI-Certified DGR only)

Open Positions that have not been closed out on the Last Day of Trading are subject to cash settlement as per Silver cash settlement rice declared by the Exchange

The Final Silver cash settlement price for Silver Futures at the Close on the Last Day of Trading shall be the settlement price as made public by COMEX for the delivery month which corresponds to the applicable DGCX Delivery Month

Note 2*: If Silver of higher fineness is delivered, no premium shall be paid.