According to Tejarat News, in the latest announcement of the management of derivative markets and commodity funds, it is stated: The silver futures contract for delivery in November will be launched on Wednesday, 26 Mehr and will be tradable until 23 November 1402.
Futures contracts start on the first trading day without a price fluctuation limit with a pre-opening period for 30 minutes at the beginning of the trading session and continue after the single price auction at 10:30 a.m. with the normal trading period and applying the daily price fluctuation limit. The basic price of the future contract will be the same price discovered in the single-price auction, which will be the basis of the daily price fluctuation limit for continuing transactions in the continuous auction.
If the transaction is not completed in the single-price auction, the futures contract will be stopped and the same process will be repeated the next working day.
The details of the silver futures contract indicate that each contract is equivalent to 100 grams and the standard of the commodity is silver pellets according to the 999 standard.