To prevent undesirable displacement of the metal elements of a metal ring assembly of a continuously variable transmission in order to enhance the durability of the metal ring assembly, the metal elements are designed to meet the equation B/2=A+L and t=1.5A, where A is a distance between a rocking edge and a saddle surface of a metal element; B is a distance between the saddle surface and a lower end of a pulley abutment surface; L is a distance between the rocking edge and a frictional force application point of the pulley abutment surface; t is the thickness of the metal element; and the distances A and B are set so that a relation, 2≦B/A≦5, is established.