What Are Silver Futures?
Silver Futures (SI) are futures contracts based on the price of silver, a widely traded precious metal used in industries such as electronics, jewelry, and manufacturing, as well as being a traditional store of value. Silver Futures allow traders and investors to hedge against price fluctuations or speculate on future price movements. The price of silver is influenced by factors such as industrial demand, economic conditions, inflation, and geopolitical events.
Contract Size
- Contract Size: 5,000 troy ounces of silver.
Trading Hours
The Silver Futures contract trades nearly 24 hours a day, five days a week, offering consistent access to the global precious metals market.
- 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 ounce.
- Tick Value: $25.00 per tick.
- Minimum Price Fluctuation: $0.005 per ounce.
This makes Silver Futures an excellent choice for traders seeking liquidity, leverage, and exposure to the precious metals market.
Trading Symbol
- Platform Symbol: SI
Margins
To trade 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 Silver Futures?
- Liquidity: High liquidity ensures tight spreads and efficient execution.
- Hedging Opportunities: Silver Futures are used by investors and industrial companies to hedge against inflation or disruptions in the silver market.
- Global Influence: Silver prices are influenced by industrial demand, economic conditions, inflation, and geopolitical factors.
- Diversification: Add exposure to the precious metals sector to complement equity or agricultural investments.
- Price Discovery: Futures markets provide an effective mechanism for determining the fair price of silver.
Start Trading SI with Ironbeam
Ironbeam provides a robust trading platform and API to help you access 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.