Silver is usually termed as poor man’s Gold. A soft, white, lustrous transition metal, it possesses the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. The metal occurs naturally in its pure, free form (native silver) and as an alloy with gold and other metals. Most silver is produced as a byproduct of copper, gold, lead, and zinc refining. Silver has been used for thousands of years for ornaments and utensils, trade, and as the basis for many monetary systems. Its value as a precious metal was long considered second only to gold.
Silver futures contract was the second contract launched on DGCX platform and offers international benchmark pricing contract for investors, speculators, hedgers and arbitragers.
- Trade your views on the International benchmark Silver prices
- Arbitrage opportunity with the highly correlated Silver contract based on Indian and other international benchmark prices.
- Benefit from margin offset provided by DCCC for inter-commodity spreads
- Low cost structure
- USD denominated, Intention matching mechanism for delivery
- Lot size of 1,000 troy ounces (Approx. 31 KG)
- Tick size of USD 0.005 per troy ounce and tick value of USD 5
- Efficient margining for optimal leverage
- 5 contract months (covering approximately a calendar year) available at any given point of time
- Live prices available under marketwatch link on DGCX website
Contract Specifications
Contract | Parameters |
Contract Type | Future |
Contract Name | Silver |
Contract Symbol | DS |
Underlying | 1,000 Troy Ounces (30kg) Silver cast in one bar, minimum fineness 0.999 |
Contract Size | 1,000 Troy Ounces |
Notional Contract Value | 1,000 x Price |
Trading Currency | USD |
Settlement Currency | USD |
Price Quote | US Dollars per Troy Ounce |
Tick Size | US$ 0.005 |
Tick Value | US$ 5 |
Settlement Basis | Cash Settled |
Final Cash Settlement Price (FCSP) | FCSP is based on the publicly available reference price displayed on Last Trading Day |
Last Trading Day (LTD) | Two business days prior to the last Business Day of the contract month |
Trading Days | Exchange Business Days |
Trading Hours | 07:00 – 23:55 Hours Dubai time |
Trading Months | February, April, June, August and November |
New Contract Listing | Business Day immediately following the Last Trading Day |
Max Order Size | 200 Lots |
Wholesale Trades | Block Trade minimum size threshold: 50 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution |
No Cancellation Range | See link: www.dgcx.ae/price-limits |
Contract Calendar
Expiry Month | Expiry Code | Last Trading Day | Notice Day | Delivery Day |
---|---|---|---|---|
Dec'24 | DS-20241126 | 26-Nov-24 | 27-Nov-24 | 27-Nov-24 |
Mar'25 | DS-20250226 | 26-Feb-25 | 27-Feb-25 | 27-Feb-25 |
May'25 | DS-20250428 | 28-Apr-25 | 29-Apr-25 | 29-Apr-25 |
Jul'25 | DS-20250626 | 26-Jun-25 | 27-Jun-25 | 27-Jun-25 |
Sept'25 | DS-20250827 | 27-Aug-25 | 28-Aug-25 | 28-Aug-25 |
Nov'25 | DS-20251125 | 25-Nov-25 | 26-Nov-25 | 26-Nov-25 |