Metals » Silver Futures

Our user-friendly trading platform and exceptional customer service make trading silver futures easy and convenient, and our low commissions are second to none. Open an account to trade futures at optionsXpress.

Symbol
SI
Exchange
NYMEX
Contract Size
5,000 Troy Ounces
Tick Size
0.005 = $25.00

About COMEX Silver Futures

Silver has attracted man's interest for thousands of years. In ancient times, silver deposits were plentiful on or near the earth's surface. Relics of ancient civilizations include jewelry, religious artifacts, and food vessels formed from the durable, malleable metal.

In 1792, silver assumed a key role in the United States monetary system when Congress based the currency on the silver dollar, and its fixed relationship to silver. Silver was used for the nation's coinage until its use was discontinued in 1965.

At the turn of the century, an even more important economic function was emerging for silver, that of an industrial raw material. Today, silver is sought as a valuable and practical industrial commodity, and as an appealing investment. The largest industrial users of silver are the photographic, jewelry, and electronic industries.

Trading in silver futures and options provides individual investors with an easy and convenient alternative to traditional means of investing in silver - such as coins and mining stocks. In addition, a broad cross-section of corporations - from mining companies to fabricators of finished products - can use silver futures and options contracts to hedge their price risk.

At optionsXpress, we offer silver futures trading at the COMEX Division of the New York Mercantile Exchange, NYSE-Liffe, and the Tokyo Commodity Exchange.

COMEX Silver Futures Specifications

Silver futures, COMEX Division of New York Mercantile Exchange, symbol SI. Minimum Tick Size: $0.005 per troy ounce, worth $25.00 per contract.

Electronic trading is conducted from 6:00 PM US until 5:15 PM US EST via the CME Globex® trading platform, Sunday through Friday.

Primary silver futures contracts are March, May, July, September, and December. Other months also trade, but with lesser volume and open interest.

Please see the disclosures page for additional information regarding this section.