Physical Deliveryof COMEX Precious Metal Futures
Physical Delivery of
COMEX Precious Metal Futures
Interactive Brokers offers trading on various COMEX precious metal futures and eligible clients can take physical delivery of COMEX silver or gold futures.
Physical delivery is in the form of a registered warrant for each futures contract. Please refer to the COMEX Rulebook for additional information regarding the details of what a warrant represents for that symbol.
| Symbol | Description | Platforms | Additional Info |
|---|---|---|---|
| GC | Gold | NYMEX, QBALGO | COMEX Rulebook - Chapter 113 Gold Futures |
| MGC | Micro Gold | NYMEX | COMEX Rulebook - Chapter 120 Micro Gold Futures |
| SI | Silver | NYMEX, QBALGO | COMEX Rulebook - Chapter 112 Silver Futures |
| SIL | Micro Silver | NYMEX | COMEX Rulebook - Chapter 121 Micro Silver Futures |
CME Delivery Plus
The CME Deliveries department administers all aspects of the process of physical delivery of silver and gold. The cost of taking delivery of a warrant is a function of settlement price (as assigned by COMEX) multiplied by weight multiplied by finesses, plus any storage costs.
Visit the CME website for current information about the delivery process, delivery periods, delivery terms and other topics.
Access IBKR Spot Gold and IBKR Spot Silver
Trading IBKR Spot Gold and IBKR Spot Silver gives you access to the London bullion market, the center for the international over-the-counter (OTC) market for gold and silver.