Silver Futures and Options
Trading in COMEX Division silver futures is conducted for delivery during the current calendar month, any January, March, May, and September thereafter falling within a 23-month period and any July and December falling within a 60-month period, beginning with the current month.
Futures contracts are firm commitments to make or accept delivery of a specified quantity or quality of a commodity during a specific month in the futures at a price agreed upon at the time the commitment is made. Approximately 1% of silver futures contracts traded each year result in delivery of the underlying commodities. Instead, traders generally offset their futures positions before their contracts mature. The difference between the initial purchase or sale price and the price of the offsetting transaction represents the realized profit or loss.
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