Architect Standard Silver Futures Contract

Term	Value
Product Name	Architect Standard Silver Futures Contract
Product Code	AXAG
Contract Size	1 troy ounce of silver
Price Quotation	US dollars per troy ounce
Tick Size	USD 0.001 per troy ounce
Tick Value	USD 0.001 per contract
Price Band Variation	1%
Price Limit	50%
Position Limit	15,000,000
Reportable Position Level	150
Market Hours	Rule 501 - Market Hours - 24/7
Contract Listing & Termination	Nearest two weekly, nearest two monthly and nearest two quarterly expirations. Final settlement: last business day of each cycle. Trading termination: 16:00 UK local time (Europe/London) on that day.
Settlement Method	Cash settlement in US dollars; no physical delivery
Settlement Price	XAG WMR Metals Daily Closing Rate at 16:00 UK local time on the Final Settlement Date.

Source: CFTC product filing 26-126, Contract Specifications.

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