What Are Micro Silver Futures?
Micro Silver Futures (SIL) are a smaller-sized version of standard Silver Futures contracts, designed to provide traders with exposure to silver price movements at a fraction of the financial commitment. These contracts are ideal for retail traders looking to trade or hedge against silver price changes in a manageable way.
Contract Size
- Contract Size: 1,000 troy ounces of silver.
Trading Hours
The Micro Silver Futures contract trades nearly 24 hours a day, five days a week, offering consistent access to the global silver market.
- 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).
- Time Zone: Central Time (CT).
Tick Value and Increment
- Tick Size: $0.005 per troy ounce.
- Tick Value: $5.00 per tick.
- Minimum Price Fluctuation: $0.005 per troy ounce.
This makes Micro Silver Futures an excellent choice for precision trading in the precious metals market with smaller financial exposure.
Trading Symbol
- Platform Symbol: SIL
Margins
To trade Micro Silver Futures, you’ll need to meet specific margin requirements. Check out Ironbeam’s Margins Page for the latest margin rates and details.
Why Trade Micro Silver Futures?
- Accessibility: Lower margins and smaller contract size make SIL accessible to retail traders.
- Flexibility: Manage risk with smaller contract sizes compared to standard Silver Futures.
- Liquidity: Benefit from consistent liquidity in the silver futures market.
- Diversification: Add exposure to the precious metals market as part of your broader trading strategy.
Start Trading SIL with Ironbeam
Ironbeam provides a robust trading platform and API to help you access Micro Silver Futures with ease. Trade confidently with free real-time Level 2 market data and personal broker support.
DISCLAIMER: There is a substantial risk of loss in trading commodity futures and options products. Losses in excess of your initial investment may occur. Past performance is not necessarily indicative of future results. Please contact your account representative with concerns or questions.