The open interest on silver futures at a particular time is the
A) number of silver futures contracts traded during the day.
B) number of outstanding silver futures contracts for delivery within the next month.
C) number of silver futures contracts traded the previous day.
D) number of all long or short silver futures contracts outstanding.

Question

Quizplus · Accepted Answer

Open interest in the context of futures trading refers to the total number of outstanding futures contracts that have not been settled by delivery or offset. It includes all long or short positions in futures contracts that are still open, not just those for delivery within the next month or those traded within a specific day.

The Open Interest on Silver Futures at a Particular Time