MM SIFO™ (Silver Forward Rates)
MM SIFO™ is the Monetary Metals® silver forward rate. These rates are indicative inter-bank wholesale rates only. Actual rates charged will depend on bank profit margins, client credit risk and other factors.
For a description of how we calculate MM SIFO™ from over-the-counter spot prices and Comex silver futures, see About Monetary Metals’ Gold & Silver Forward Offered Rates.
MM SIFO™ 6-month
This chart shows the bid and offer for MM SIFO™ (silver forward rate) of six-month duration.
MM SIFO™ 12-month
This chart shows the bid and offer for MM SIFO™ (silver forward rate) of twelve-month duration.
MM SIFO™ Rates
This chart shows all of the offered rates for MM SIFO™, to allow for easier comparison between silver forward rates across time and identification of periods of forward rate curve inversion.
MM SIFO™ Bid-Offer Spreads
This chart shows the spread between MM SIFO™ bid and offer rates for each duration. This difference, or spread, can be an indicator of liquidity or stress in the market. When the market is highly liquid, silver forward rate bid-offer spreads will be tight (or low) but during periods of stress or uncertainty, the bid-offer spread will widen (or rise).