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 or automated certificate of exchange (ACE) for each full size or E-micro 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 |
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.
IBKR clients have access to efficient pricing without having to trade in wholesale quantities.
Use a single, integrated account to trade US Spot Gold side by side with other asset classes such as stocks, options, futures, currencies, bonds and funds, all from the same Trader Workstation (TWS) screen.
Interactive Brokers Canada Inc. is a member of the Canadian Investment Regulatory Organization (CIRO) and Member - Canadian Investor Protection Fund. Know Your Advisor: View the CIRO AdvisorReport. Trading of securities and derivatives may involve a high degree of risk and investors should be prepared for the risk of losing their entire investment and losing further amounts. Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines. Interactive Brokers Canada Inc. is an order execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives. Our registered office is located at 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada.
Know Your Advisor: View the CIRO AdvisorReport