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Silver Futures


Delivery & Cash Settlement related information
Delivery Unit 30 Kg
Deliverable Weight 30 Kilograms cast in one bar of 1,000 troy ounces (10% more or less)
Deliverable Quality Minimum 0.999 fineness - Note 2*
Approved CMI / Assayers Names as listed on the DGCX website
Approved Refiners Names as listed on the DGCX website
Approved Vaults Names as listed on the DGCX website
Delivery Period First through Fifth Delivery Day of the Delivery Month
First Notice Day Business Day immediately preceding First Delivery Day
Last Notice Day Business Day immediately preceding Fifth Delivery Day
Delivery Process Compulsory Delivery as allocated by the Exchange on a random basis
Vault charges Rates applicable as published on the DGCX website
Delivery Instrument Dubai Gold Receipt (i.e. Standard DGR along with validated Refiner's certificate or CMI-Certified DGR only)
Option for Cash Settlement 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
Silver Cash Settlement Price Silver Cash Settlement Price shall be the London Silver Fixing Price (expressed in US Dollars per troy ounce) of The London Silver Market Fixing Limited published by The London Bullion Market Association (LBMA) on the Last Day of Trading

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