Futures Settlement Price: COMEX Silver
Macro
2025-09-20
Description
The Futures Settlement Price for COMEX Silver is determined and published by the Commodity Exchange Inc. (COMEX), a division of the New York Mercantile Exchange (NYMEX). This price represents the final price at which a futures contract is settled at the end of the trading day. It is used as a benchmark for the silver market, indicating the market's expectation of future silver prices. A higher settlement price suggests stronger demand or anticipated scarcity, while a lower price indicates weaker demand or anticipated surplus.
The settlement price is calculated based on the average price of trades executed during the closing period of the trading day. It takes into account the volume-weighted average price (VWAP) of the trades executed in the final minutes of trading.
The settlement price is updated daily at the end of the trading session, typically around 1:30 PM Eastern Time (ET).
Published by
COMEX (Choice)
Frequency
Daily
Next Update
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Description
The Futures Settlement Price for COMEX Silver is determined and published by the Commodity Exchange Inc. (COMEX), a division of the New York Mercantile Exchange (NYMEX). This price represents the final price at which a futures contract is settled at the end of the trading day. It is used as a benchmark for the silver market, indicating the market's expectation of future silver prices. A higher settlement price suggests stronger demand or anticipated scarcity, while a lower price indicates weaker demand or anticipated surplus.
The settlement price is calculated based on the average price of trades executed during the closing period of the trading day. It takes into account the volume-weighted average price (VWAP) of the trades executed in the final minutes of trading.
The settlement price is updated daily at the end of the trading session, typically around 1:30 PM Eastern Time (ET).