Test 7
Test 7 snippet
Spot Silver – SB
Spot Silver is a contract based on the current market price of physical silver, allowing buying or selling for near-immediate settlement.
Contract Details
A CFD is a financial derivative that allows traders to speculate on the price movement of an asset without owning it. The trader enters into a contract with a broker, agreeing to exchange the difference in the asset's price from the time the contract is opened to when it is closed.
Name & Trade Code
| Contract Name | Spot Silver(£/0.01) |
| MT5 Trader Code | Spot_Silver.s |
| Contract Classification | Spot FX SB |
| Geographical Region | N.America/Europe |
Contract Specification
| Sector | Metals |
| Tenor Period | |
| Maximum Forward Tenor | Perpetual |
| Contract Size | 100 |
| Contract Unit | GBP |
| Price Digits | 2 |
| Currency | |
| Value of Tick | 1 per 0.01 |
| Margins | Download a summary or detailed document with tiers. |
Expiry Trading Overview
| Contract Expiry Date | The last trading day of the expiring Tenor Period (i.e. 29 May 2026 for May 26 Tenor Period) |
| Last Trading Day (for new open positions) | Five working days prior to the Contract Expiry Date for the Tenor Period (i.e. 22 May 2026 for May 26 Tenor Period) |
| Last Trading Day (for closing position in that Tenor Period) | The Contract Expiry Date of the relevant Tenor Period |
| Trading Hours | Markets are open from Sunday 11:00pm to Friday 10:00pm, with a daily one-hour maintenance break from 10:00pm to 11:00pm. (UK Time) |
| Quoting Hours | Markets are open from Sunday 11:00pm to Friday 10:00pm, with a daily one-hour maintenance break from 10:00pm to 11:00pm. (UK Time) |
Tenor Period Settlement Valuation Process
| Settlement | Priced from IG comprising a feed of 8-10 LPs. |