Contract Specifications:PL,NYMEX | Trading Unit: | 50 troy ounces | | Tick Size: | $0.10 (10 cents) per troy ounce, $5 per contract | | Quoted Units: | US $ per troy ounce | | Initial Margin: | $8,100 Maint Margin: $6,000 | | Contract Months: | 15 months beginning with the current month and the next two consecutive months before moving into the quarterly cycle of January, April, July, and October. | | First Notice Day: | First business day of contract month. | | Last Trading Day: | Close of business on the fourth business day prior to the end of the delivery month. | | Trading Hours: | 8:20 A.M. to 1:05 P.M.
Electronic: 3:15 P.M. on Mondays through Thursdays and concluding at 8:00 A.M. the following day. On Sundays, the session begins at 7:00 P.M.
All times are New York time. | | Daily Limit: | see exchange | |