EXCHANGE
Precious Metals
Silver Perpetual Futures
As compared to Gold, Silver has a higher industrial demand especially in the photographic and medical fields. Having a high correlation with Gold, Silver is similarly often regarded as a safe haven asset and useful hedging tool. APEX Silver Perpetual Futures Contract serves as a tool for your trading, hedging and risk management needs in this precious metal.
| APEX Silver Perpetual Futures Contract Specifications | |
|---|---|
| Contract Code | AGP |
| Contract Size | 5 kilograms/lot |
| Quote Currency | USD |
| Minimum Price Fluctuation | US $0.2/kilogram |
| Tick Value | US $1 |
| Contract Series | Perpetual Contract |
| Trading Hours |
London Bullion Market Association (LBMA) Silver Price Publication Day T Session: T+1 Session: T stands for a given Trading Day. There will be no T+1 Session on the non-LBMA Silver Publication Day or the previous Trading Day of a non-LBMA Silver Publication Day. |
| Last Trading Day | Not Applicable as there is no maturity date. |
| Daily Price Limit | +/-15% of previous Trading Day’s Daily Settlement Price. |
| Daily Settlement Price | The Daily Settlement Price of a given day shall be equal to the LBMA Silver Price published by IBA rounded to the nearest US $0.2/kilogram |
| Final Settlement Price | Not Applicable as there is no maturity date. |
| Settlement Method | Cash Settlement in USD against the Daily Settlement Price. |
| Rollover Fees |
Rollover Fees shall be applied to all open positions at the end of the T Session. The Rollover Fees will be calculated and collected during the end-of-day clearing cycle at the end of each Trading Day. The formula is as follows: The Rollover Rates used to calculate the Rollover Fees will be published on the APEX website. |
| Block Trade | Minimum 50 lots |
| Initial Margin | Based on SPAN (Click to see Margin Schedule) |
| Maximum Order Size | 500 lots |