Question: You bought 2 silver future contract at $3.5306 per ounce. Calculate the settlement value of the contracts of the closing sliver spot price is $3.7015

You bought 2 silver future contract at $3.5306 per ounce. Calculate the settlement value of the contracts of the closing sliver spot price is $3.7015 per ounce and the opening spot price is $4.2769 per ounce? Assume the contract size is 5 000 ounces and there no transactions costs.

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