Micro Silver Futures (SIL) — Contract Specs
COMEX · Metals · 1,000 troy ounces vs 5,000 troy ounces for SI
One fifth of the benchmark silver contract, not one tenth — the metals micros are not all sized on the same ratio.
Contract specifications
| Exchange symbol | SIL |
|---|---|
| Exchange | COMEX |
| Contract size | 1,000 troy ounces |
| Minimum tick | $0.005 per troy ounce |
| Value per tick | $5.00 |
| Contract months | Mar, May, Jul, Sep, DecMonth codes: H, K, N, U, Z |
| Settlement | Physical delivery |
| Trading hours | Sun–Fri 18:00–17:00 ET, 60-minute break each day at 17:00 ET |
| Smaller version of | SI |
Where these figures come from
Compiled from the exchanges' published contract specifications (CME, CBOT, NYMEX, COMEX). Last reviewed .
Every contract is checked for internal consistency: the tick value must equal the contract size multiplied by the tick. All 41 agree, including the interest-rate contracts quoted in fractions of a thirty-second of a point.
These figures are NOT independently verified against the exchange. We do not fetch cmegroup.com - it refuses our requests and its terms do not permit it - so an exchange that changes a contract specification will not be reflected here until someone reviews it by hand. Check with the exchange or your broker before trading on them.
What one tick is worth
The minimum price increment is $0.005 per troy ounce. Because the contract covers 1,000 troy ounces, each tick is worth $5.00 per contract. That is the appeal of the smaller size: identical price exposure per tick as SI, at a fraction of the notional.
This contract is physically delivered. Holding it past first notice day starts the delivery process, so traders without a use for the underlying normally close or roll well before then — see how rollover works.
Other contracts on this market
| Contract | Size | Per tick |
|---|---|---|
| Silver SI · COMEX | 5,000 troy ounces | $25.00 |