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MRCI's Futures Highlight - Silver(CMX)

MRC Logo
MRCI's Futures Highlight - Silver(CMX)

MRCI hopes this profile of the CMX Silver futures contract, with its statistics and feature studies, will help you derive wise trading decisions from its presentation of long-term perspective, computer analysis, and historical background. This additional history is designed to complement the body of knowledge contained in any seasonal patterns and strategies published. The weekly and monthly charts on this page depict prices for nearby contracts, which most closely reflect the underlying cash market.

Copyright © 1989- Moore Research Center, Inc. All Rights Reserved
Some data provided by Commodity Research Bureau

The table below offers a statistical analysis of historical daily trading in the CMX Silver futures. The average range for each day of the week in each year and overall has been computed for purposes of comparison and further insight into the dynamics of this market. (from futstats, but I don't currently have it available for include)

CBOT 30-Year Treasury Bonds

MRCI's Nearby Futures Range Detail for Silver(CMX)
from 1/1976 - 3/2024
Calendar
Year
Monday
Avg Rng
Tuesday
Avg Rng
Wednesday
Avg Rng
Thursday
Avg Rng
Friday
Avg Rng
Yearly
Avg Rng
1976 9.3($467) 9.5($473) 9.0($449) 8.7($434) 7.9($393) 8.9($443)
1977 7.0($350) 6.0($300) 5.8($292) 6.1($303) 5.6($281) 6.1($305)
1978 8.8($441) 9.4($469) 9.1($456) 8.6($429) 8.0($402) 8.8($439)
1979 28.4($1419) 30.0($1498) 33.8($1691) 30.3($1515) 31.2($1561) 30.8($1538)
1980 74.6($3729) 76.3($3814) 77.5($3874) 77.1($3856) 71.0($3549) 75.3($3767)
1981 40.2($2010) 33.6($1680) 33.8($1691) 35.8($1790) 31.3($1566) 34.9($1746)
1982 32.7($1633) 29.2($1458) 28.9($1444) 26.9($1347) 26.5($1327) 28.8($1440)
1983 42.2($2108) 33.4($1672) 34.9($1745) 36.9($1845) 32.9($1643) 35.9($1797)
1984 22.2($1110) 19.5($975) 21.1($1056) 23.1($1153) 20.5($1024) 21.3($1063)
1985 16.6($828) 13.6($682) 13.3($665) 12.8($638) 11.6($578) 13.6($678)
1986 14.5($723) 11.4($569) 11.3($564) 12.2($608) 11.7($584) 12.2($609)
1987 26.4($1321) 28.3($1414) 19.3($963) 22.0($1102) 24.1($1203) 24.0($1199)
1988 14.1($706) 14.7($733) 14.6($732) 14.2($711) 14.6($730) 14.5($723)
1989 8.6($432) 8.6($432) 9.1($454) 9.4($472) 11.8($590) 9.5($476)
1990 8.4($420) 8.5($425) 8.4($421) 7.4($369) 8.3($417) 8.2($410)
1991 7.8($391) 7.9($396) 8.1($407) 9.5($477) 8.5($424) 8.4($419)
1992 5.2($259) 5.0($249) 4.8($242) 6.3($315) 6.0($300) 5.5($273)
1993 9.8($489) 10.0($500) 10.2($512) 11.7($584) 10.7($533) 10.5($524)
1994 11.8($591) 10.6($528) 12.0($602) 10.8($541) 11.2($562) 11.3($564)
1995 11.2($559) 11.9($596) 11.4($570) 11.8($590) 12.1($607) 11.7($584)
1996 7.2($362) 8.9($446) 8.0($398) 9.2($462) 9.4($472) 8.6($428)
1997 9.7($484) 10.3($514) 10.8($540) 11.5($577) 11.8($591) 10.8($541)
1998 13.1($655) 16.2($808) 14.7($733) 16.3($814) 15.7($784) 15.2($760)
1999 9.4($470) 11.8($592) 9.4($468) 10.5($527) 10.0($499) 10.2($512)
2000 5.6($280) 5.9($297) 6.5($323) 6.6($330) 6.8($340) 6.3($315)
2001 6.6($332) 5.5($275) 7.3($366) 7.0($352) 6.7($333) 6.6($331)
2002 8.1($407) 8.9($444) 8.0($400) 8.2($408) 8.7($434) 8.4($419)
2003 10.3($514) 9.5($477) 10.5($523) 9.9($496) 9.8($492) 10.0($500)
2004 20.2($1008) 20.1($1005) 24.5($1224) 22.2($1110) 21.9($1093) 21.8($1089)
2005 16.3($813) 16.3($815) 15.3($763) 17.5($876) 16.3($813) 16.3($816)
2006 43.7($2185) 43.3($2167) 42.3($2117) 48.6($2431) 43.2($2158) 44.2($2212)
2007 31.6($1581) 37.2($1858) 33.5($1674) 40.6($2028) 37.3($1863) 36.1($1803)
2008 69.2($3462) 74.8($3741) 68.4($3418) 73.5($3674) 68.8($3439) 71.0($3548)
2009 53.8($2689) 52.2($2610) 49.3($2465) 53.2($2660) 51.9($2594) 52.0($2602)
2010 54.5($2727) 68.1($3406) 61.6($3079) 60.1($3005) 61.0($3050) 61.2($3060)
2011 157.0($7849) 153.6($7681) 155.1($7757) 170.4($8519) 147.7($7386) 156.7($7837)
2012 76.7($3833) 85.6($4282) 88.9($4447) 89.8($4488) 85.9($4294) 85.5($4274)
2013 73.6($3681) 66.6($3328) 69.5($3475) 80.1($4003) 75.4($3770) 73.0($3648)
2014 43.9($2196) 43.0($2149) 40.1($2004) 46.7($2336) 45.2($2258) 43.7($2187)
2015 41.4($2068) 39.5($1974) 38.5($1926) 41.2($2059) 41.6($2079) 40.4($2020)
2016 40.4($2022) 41.4($2069) 43.0($2151) 46.8($2342) 48.8($2440) 44.2($2208)
2017 30.9($1544) 30.5($1525) 30.7($1535) 31.4($1568) 33.0($1651) 31.3($1565)
2018 25.1($1256) 28.0($1399) 29.8($1489) 26.8($1338) 26.9($1346) 27.3($1367)
2019 26.3($1314) 29.2($1462) 29.4($1471) 31.9($1597) 31.7($1583) 29.7($1487)
2020 97.2($4859) 94.2($4708) 81.9($4096) 79.2($3960) 73.2($3659) 85.1($4254)
2021 71.3($3566) 72.4($3618) 65.9($3297) 72.2($3609) 74.7($3735) 71.3($3563)
2022 72.1($3603) 69.9($3493) 63.0($3148) 72.9($3645) 68.3($3415) 69.1($3456)
2023 56.5($2823) 58.9($2945) 59.4($2970) 64.2($3212) 62.9($3144) 60.5($3023)
2024 51.5($2578) 50.8($2540) 56.8($2840) 58.0($2901) 60.8($3040) 55.7($2785)

What other characteristics do CMX Silver futures exhibit for various days of the week? We ran various studies for the last 180 calendar days of trading prior to trading prior to expiration for each contract. (from futstats, but I don't currently have it available for include)

MRCI's Nearby Futures Summary for Silver(CMX)
from 1/1976 - 3/2024
Summary
Item
Monday
Summary
Tuesday
Summary
Wednesday
Summary
Thursday
Summary
Friday
Summary
Yearly
Summary
Range 32.7($1636) 33.0($1651) 32.3($1617) 34.1($1707) 32.8($1641) 33.0($1650)
Closed Up 1157(51%) 1238(50%) 1270(51%) 1244(51%) 1200(50%) 6109(50%)
Closed Dn 1105(48%) 1203(48%) 1185(47%) 1173(48%) 1177(49%) 5843(48%)
Closed Uchg 25(1%) 49(2%) 40(2%) 31(1%) 28(1%) 173(1%)
Gapped up 230(10%) 200(8%) 228(9%) 187(8%) 191(8%) 1036(9%)
Un-filled Gaps Up 86(37%) 68(34%) 74(32%) 68(36%) 60(31%) 356(34%)
Gapped Down 291(13%) 234(9%) 224(9%) 229(9%) 185(8%) 1163(10%)
Un-filled Gaps Down 129(44%) 79(34%) 66(29%) 74(32%) 48(26%) 396(34%)

Daily Percent Change Summary for Silver(CMX)

UNCH
>0%-
<1%
+1%-
<2%
+2%-
<3%
+3%-
<4%
+4%-
<5%
+5%-
<6%
+6%-
<7%
+7%-
<8%
+8%-
<9%
+9%-
<10%
+10%-
<20%

>+20%
173 3260 1546 737 306 130 67 35 14 8 3 3 0
<0%-
>-1%
-1%-
>-2%
-2%-
>-3%
-3%-
>-4%
-4%-
>-5%
-5%-
>-6%
-6%-
>-7%
-7%-
>-8%
-8%-
>-9%
-9%-
>-10%
-10%-
>-20%

<-20%
3188 1396 652 311 148 69 26 24 9 8 12 0

The table below represents yearly low, high, last yield in the cash market for the CMX Silver futures contracts. Quotes are from daily cash market price activity.

Silver: 24-HR Composite - Jun 3, 2022
  Period Low(Jan-Dec) Period High(Jan-Dec) Last Day Average
Year Date Price Date Price Date Price Price
2021 12/15/2021 2145.0 02/01/2021 2979.0 12/31/2021 2328.0 2510.2
2020 03/18/2020 1172.0 08/07/2020 2975.0 12/31/2020 2637.0 2056.9
2019 05/28/2019 1429.0 09/04/2019 1963.0 12/31/2019 1783.0 1620.0
2018 11/14/2018 1388.0 01/25/2018 1768.0 12/31/2018 1546.0 1568.0
2017 07/10/2017 1520.0 04/17/2017 1864.0 12/29/2017 1690.0 1705.5
2016 01/12/2016 1374.0 08/02/2016 2077.0 12/30/2016 1591.0 1711.8
2015 12/15/2015 1357.0 01/21/2015
01/22/2015
1846.0 12/31/2015 1384.0 1567.2
2014 12/01/2014 1444.0 02/24/2014 2216.0 12/31/2014 1569.0 1903.0
2013 06/28/2013 1820.0 01/23/2013 3245.0 12/31/2013 1945.0 2383.5
2012 06/28/2012 2613.0 02/29/2012 3743.0 12/31/2012 3029.0 3114.1
2011 09/26/2011 2605.0 04/25/2011 4975.0 12/30/2011 2771.0 3526.2
2010 02/05/2010 1463.0 12/31/2010 3091.0 12/31/2010 3085.0 2029.4
2009 01/14/2009
01/15/2009
1035.0 12/03/2009 1945.0 12/31/2009 1687.0 1471.5
2008 10/28/2008 846.0 03/17/2008 2135.0 12/31/2008 1137.0 1497.8
2007 08/16/2007 1106.0 11/07/2007 1621.0 12/31/2007 1479.0 1340.1
2006 01/05/2006 869.0 05/11/2006 1521.0 12/29/2006 1290.0 1160.7
2005 01/04/2005 633.0 12/12/2005 927.0 12/30/2005 882.0 732.8
2004 05/10/2004 546.0 04/02/2004 845.0 12/31/2004 682.0 667.6
2003 03/21/2003 434.0 12/31/2003 601.0 12/31/2003 594.0 489.6
2002 01/29/2002
01/31/2002
423.0 07/15/2002 515.0 12/31/2002 478.0 460.7
2001 11/21/2001
11/22/2001
11/23/2001
11/26/2001
404.0 01/19/2001 484.0 12/31/2001 462.0 436.5
2000 12/15/2000 455.0 02/07/2000 551.0 12/29/2000 457.0 493.9
1999 04/14/1999 482.0 09/28/1999 582.0 12/31/1999 540.0 522.0
1998 12/03/1998 462.0 02/05/1998 787.0 12/31/1998 502.0 552.8
1997 07/16/1997
07/17/1997
418.0 12/24/1997
12/26/1997
638.0 12/31/1997 593.0 491.0
1996 12/03/1996
12/04/1996
468.0 02/02/1996 587.0 12/31/1996 477.0 519.2
1995 03/01/1995
03/02/1995
03/03/1995
436.0 05/04/1995 613.0 12/29/1995 518.0 519.9
1994 12/05/1994 454.0 03/28/1994 585.0 12/30/1994 488.0 528.0
1993 02/22/1993 353.0 08/02/1993 551.0 12/31/1993 510.0 431.7
1992 08/26/1992 363.0 01/16/1992 439.0 12/31/1992 368.0 394.0

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