Silver Futures on InteractiveBrokers

Discussion in 'Metal Futures' started by LT701, Nov 28, 2006.

  1. LT701


    I tried to buy a YI, but it said that i couldnt, because it's settled in physical

    or there any silver futures on IB that are just financial settlement?
  2. just21


    try zi
  3. LT701


    got the same message

    looks like same contract as YI x 5
  4. Both contracts are physically settled. You need to trade the March contract (there's no volume on the Jan contract).
  5. you're probably buying one that is expiring. try buying the march contract
  6. Magna

    Magna Administrator

    I suspect you tried to buy the Dec 06 contract which IB has effectively closed out (from the long side). You shouldn't have any trouble buying the YI Mar 07 contract.
  7. LT701


    thanks, got the march
  8. Is this a special Interactive Brokers rule? They seem to close out earlier than ecbot exchange rules require.

    On my other account I rolled over today, whereas IB sent me an email last Wed or Thurs saying I had till the end of the trading session to close out my Dec position.

    grrr . . .