Silver Futures

What are silver futures?

Silver futures can allow investors and traders the ability to participate in the silver market without having to purchase or sell the raw material. Silver can be used for multiple purposes, whether for industrial use or investors using during times of financial uncertainty. Silver futures are offered by CME Group nearly 24 hours per day, 6 days per week. In recent years, CME Group has introduced the mini silver futures contract and the micro silver futures contract. The micro silver futures contract is 1/5th of the size of the standard silver futures contract.

How to trade silver futures

Silver futures, E-mini silver futures and Micro E-mini silver futures can be traded nearly 24 hours a day, five days a week on the thinkorswim® trading platforms. 

Silver futures contract specifications

Considering trading silver futures? Here are the silver futures contract specifications.

Exchange, Product Name, Symbol COMEX, Silver, /SI
Multiplier 5,000 troy ounces
Minimum Tick Size and Value 0.005 = $25.00
Settlement Physical1
Trading Hours Sunday 6 pm - Friday - 5 pm ET (5 pm - 4 pm CT) with a daily maintenance period from 5 pm - 6 pm ET (4 pm - 5 pm CT)

At Schwab, you also get access to advanced trading platforms and education, where you can take advantage of market research, real-time silver futures quotes, and other specialized tools. 

Silver FAQ

Silver futures can enable investors and traders to take advantage of opportunities in nearly all market conditions. Silver futures can be used as a way to hedge against inflation and offer the opportunity for portfolio diversification by presenting an alternative to physical silver, silver bars and coins. Options on silver futures are also available.

It is important to understand the benefits and risks involved silver futures before placing a futures trade. With silver futures you can trade nearly 24 hours a day, five days a week and take advantage of potential trading opportunities regardless of market direction. Silver futures also provide the ability to trade with greater leverage and can allow a more efficient use of trading capital. However, trading leveraged products like silver futures is not suitable for all investors. It involves risks that greater losses can occur with smaller market movements, and more than your initial investment can be lost.

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Just getting started with futures? Learn more about futures and the unique advantages and risks of futures trading.

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