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SI tick value and contract specs
Silver futures on COMEX: what one tick is worth, the full exchange specification, and what a move costs on a prop firm account.
What is the SI tick value?
One SI tick is $0.005 per ounce, worth $25 per contract. A $1.00 move per ounce is worth $5,000, so a move of $0.25 per ounce is 50 ticks, or $1,250 on one contract.
SI contract specifications
From CME Group, read 2026-09-22.
Specification
Value
Source: CME Group — Silver contract specs, retrieved 2026-09-22. Margin is omitted: it changes often and differs by broker.
SI ticks to dollars
Profit or loss = ticks moved × tick value × contracts.
Price move
Ticks
1 contract
5 contracts
10 contracts
A prop firm’s drawdown limit is a dollar amount, so the useful question is how far the market can move against you before you hit it. On a $2,000 limit, one SI contract has $0.40 per ounce (80 ticks) of room; five contracts have $0.08 per ounce (16 ticks). A trailing drawdown shrinks that room as open profit is given back, so measure from where the limit is now, not where it started.
SI trading hours
Central Time (CT)
Eastern Time (ET)
Daily break
CME sets hours in Chicago time. ET is always CT + 1 hour, because both zones change for daylight saving on the same dates.
SI trades on CME Globex Sunday–Friday 5:00 pm – 4:00 pm CT (6:00 pm – 5:00 pm ET), with a daily maintenance break from 4:00 pm to 5:00 pm CT. See whether it is open right now, in your own time zone, on the futures market hours page. Holidays close or shorten the session — the CME holiday schedule for 2026 lists every one.
SI contract months
Monthly contracts for 26 consecutive months, plus any July and December in the nearest 60 months.
Month code
Month
Example symbol
Listed in every month; these are the months where most volume trades. SIZ26 is the December 2026 contract.
A full symbol is the product code, the month code and the year. How the codes work, and when volume rolls to the next contract, is on the futures month codes page.
SI micro and mini
SIL (1,000-oz Silver) tracks the same market at 1/5 the size of SI: one tick is worth $5, against $25.
Sizing in the smaller contract lets you scale a position in finer steps, at the cost of paying commission on more contracts. Micro vs mini futures compares every pair.
Which prop firms allow SI?
Each futures prop firm publishes its own list of permitted products and its own contract limits, and many count micros differently from minis. We do not yet record those lists symbol by symbol, so this page does not name firms rather than guess. Compare futures prop firms and check the firm’s rules page for SI before you buy an evaluation.
FAQs — SI
Facts checked 2026-09-22 against CME Group contract specifications.
What is the tick value of SI?
One SI tick is $0.005 per ounce, worth $25 per contract. A $1.00 move per ounce is worth $5,000, so a move of $0.25 per ounce is 50 ticks, or $1,250 on one contract.
How much is a $1.00 move per ounce worth on SI?
A $1.00 move per ounce is worth $5,000 per SI contract: 200 ticks of $25.
What are SI trading hours?
SI trades on CME Globex Sunday–Friday 5:00 pm – 4:00 pm CT (6:00 pm – 5:00 pm ET), with a daily maintenance break from 4:00 pm to 5:00 pm CT. In Eastern Time that is Sun 6:00 pm – Fri 5:00 pm. Holidays shorten or close sessions.
What months does SI trade?
Monthly contracts for 26 consecutive months, plus any July and December in the nearest 60 months. Month codes: H (Mar), K (May), N (Jul), U (Sep), Z (Dec). Those are the months where most volume trades.
Is SI cash-settled?
SI is physically delivered. Last trading day: 12:25 pm CT on the third last business day of the contract month. Most traders roll to the next contract month before then.
What is the margin for SI?
CME Group sets the exchange margin for SI and changes it often, and brokers set their own day-trading margins on top. A prop firm account does not post margin: the firm’s drawdown limit and contract limit cap the risk instead. For a current exchange figure, check CME Group’s margin page for the contract.
What is the difference between SI and SIL?
SIL (1,000-oz Silver) tracks the same market at 1/5 the size of SI. One SIL tick is worth $5, against $25 for SI.
Related reference
More futures reference, and where these rules meet prop firm terms.
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