Silver (SI) Futures Contract Specifications

Metals

Silver Futures (SI) are one of the most actively traded precious metals contracts. Silver is widely used in industrial applications and as a store of value, making it attractive to both traders and investors.

Contract Specifications

Detailed specifications for trading this futures contract

Contract Size

5,000 troy ounces

Tick Size

0.005 per troy ounce ($0.005)

Tick Value

$25.00 per tick

Point Value

$50.00 per point ($0.01 per troy ounce)

Trading Hours

Sunday to Friday, 5:00 PM to 4:00 PM CT (with a 1-hour daily trading halt from 4:00 PM to 5:00 PM CT)

Platform Symbol

Margins

Check with your broker for the latest margin rates and details

Why Trade Silver (SI) Futures?

Key benefits and characteristics of this futures contract

High liquidity and volatility

Industrial and investment demand

Inflation hedge

Extended trading hours

Portfolio diversification

Lower price point than gold

Position Sizing for Silver (SI) Futures

Example calculation for proper position sizing based on risk tolerance

For Silver (SI):

Tick Size: 0.005 per troy ounce ($0.005)

Tick Value: $25.00 per tick

Point Value: $50.00 per point ($0.01 per troy ounce)

If you want to risk $500 with a 10-point stop loss:

Risk per Contract = Stop Loss in Points × Point Value = 10 × 50.00 ($0.01 per troy ounce) = $ 500

Maximum Contracts = Risk Amount ÷ Risk per Contract = $ 500 ÷ $ 500 = 1 contract