Gold & Silver Trading Exchanges

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Here is a list of exchanges where “paper” (rather than physical) precious metals trade. Paper precious metals include futures and options contracts as well as exchange-traded funds and notes.
 

 

CME Group’s COMEX exchange is where the majority of the world’s gold and silver futures and options trading occurs. Historically, COMEX gold and silver futures and options trading took place in New York City trading pits using the open-outcry system that involved brokers and traders yelling out orders to the crowd while using hand signals. In recent years, however, gold and silver futures and options trading has fully migrated onto the CME Group’s electronic GLOBEX system that is much more modern, orderly, efficient, and allows trading at all hours of the day. Gold and silver futures and options on CME’s GLOBEX system trade from Sunday at 6:00 p.m. to Friday at 5:00 p.m. (EST) with a 60-minute break each day beginning at 5:00 p.m.

The flagship COMEX gold futures contract, in which the vast majority of trading occurs, calls for the delivery of 100 troy ounces of gold. There are smaller contracts that are less frequently traded such as the E-mini Gold futures contract (50 troy ounces) and the Micro Gold futures contract (10 troy ounces).

Click here to visit the official web page of the CME COMEX.
 

 

The CME NYMEX is where the majority of the world’s platinum and palladium futures and options trading occurs. As with gold and silver futures, platinum and palladium futures and options trading used to take place in New York City trading pits using the traditional open-outcry system, but has migrated onto the CME Group’s electronic GLOBEX system. Platinum and palladium futures and options trade from Sunday at 6:00 p.m. to Friday at 5:00 p.m. (EST) with a 60-minute break each day beginning at 5:00 p.m.

The NYMEX platinum futures contract calls for the delivery of 50 troy ounces of platinum, while the palladium futures contract calls for the delivery of 100 troy ounces of palladium.

Click here to visit the official web page of the CME NYMEX.
 

 

The NYSE Arca is an electronic exchange in which the majority of precious metals-related exchange-traded funds (ETFs), exchange-traded notes (ETNs), and exchange-traded trusts trade. The NYSE Arca was originally known as the Archipelago Exchange and was owned by the Intercontinental Exchange. In 2006, it merged with the New York Stock Exchange and is now a subsidiary of the NYSE Group, Inc.

Popular precious metals-related ETFs and ETNs that trade on the NYSE Arca include the SPDR Gold Shares (ticker symbol: GLD), the iShares Gold Trust (symbol: IAU), the iShares Silver Trust (symbol: SLV), the Sprott Physical Gold Trust (symbol: PHYS), the Sprott Physical Silver Trust (symbol: PSLV), the VanEck Gold Miners ETF (symbol: GDX), and the VanEck Junior Gold Miners ETF (symbol: GDXJ).

The NYSE Arca’s Core Trading Session is from 9:30 a.m. to 4:00 p.m. ET.

Click here to visit the official web page of the NYSE Arca.
 

ICE Futures US (IFUS), a division of the Intercontinental Exchange (ICE), is an electronic exchange for the trading of derivatives. A wide variety of derivative products trade on the ICE Futures US exchange, including agricultural futures and options, Bakkt® Bitcoin Futures, energy futures and options, equity derivatives, environmental futures and options, and precious metals futures.

Two precious metals derivative products trade on ICE Futures US: Gold Daily Futures and Silver Daily Futures. Daily futures are short-term futures contracts that exist for and expire within one day. The Gold Daily Futures contract calls for the delivery of 100 fine troy ounces of gold, while the Silver Daily Futures calls for the delivery of 5,000 fine troy ounces of silver. Trading volume on the ICE Futures US Gold Daily Futures and Silver Daily Futures is quite low.

ICE Futures US Gold Daily Futures and Silver Daily Futures both trade from 8:00 PM - 6:00 PM (New York time) with a pre-open at 7:30 PM.

Click here to visit the official web page of ICE Futures US of gold and silver futures.