Rodman Barney

Silver

Silver has attracted people’s interest for thousands of years. In ancient times, silver deposits were plentiful on or near the earth’s surface. Relics of ancient civilizations include jewelry, religious artifacts, and food vessels formed from the durable, malleable metal.
Newly mined metal provides most of the needed supply, and Mexico, the United States, and Peru are the primary producers.

Silver futures are hedging tools for commercial producers and users of silver. They also provide global price discovery and opportunities for portfolio diversification.

Product Ticker Symbols – SI

Pricing Unit – U.S. Cents per troy ounce

Tick Size (minimum fluctuation) – Outright transactions including EFP: $0.005 per troy ounce. Straddle or spread transactions and settlement prices: $0.001 per troy ounce.

Trading Hours

CME Globex:	Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
CME ClearPort:	Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Open Outcry:	Monday – Friday 8:25 AM to 1:25 PM (7:25 AM to 12:25 PM CT)