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Expiration Date
The specified date on which the options contract or other financial instrument becomes void and ceases to exist.
Marking-To-Market
The process of updating the value of an asset or liability to reflect its current market value rather than its book value.
Troy Ounce
A unit of measure for precious metals that is approximately 31.1035 grams, traditionally used in the pricing and trading of these commodities.
September Silver Contract
An agreement for the future delivery of silver in September, often used as a hedging tool or investment in the commodities market.
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