Silver (CMX)5,000 try oz.; cents per try oz. 36. If you purchased eight February silver contracts at the low price for the day, and the price of silver at expiration is 493.7 cents per troy ounce, what is your profit/loss on the futures contracts? A) $4,312 B) $4,905 C) $4,614 D) $4,840 E) $4,496 37. If you sold three January silver contracts at a quote of 432.8 cents per troy ounce. You closed your position at the opening price of the day given in the quote. What was your profit/loss on your futures contracts? A) $7,810 B) $7,470 C) $7,390 D) $7,620 E) $7,780