# SI Tick Value & Contract Specs (Silver)

> 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.

**Source:** https://propfirmpal.com/futures/contracts/si  
**Generated:** 2026-09-25  
**Publisher:** Prop Firm Pal — independent prop firm comparison

_Prop Firm Pal earns affiliate commission from some listed firms. This is disclosed on-site and does not affect the computed ranking order._

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SI (Silver) ticks in $0.005 per ounce, worth $25 per contract. CME specs, P&L per move, hours and months.

## Contract specifications

| Specification | Value |
| --- | --- |
| Contract | Silver (SI) |
| Exchange | COMEX (CME Group) |
| Asset class | Metals |
| Contract unit | 5,000 troy ounces |
| Price quotation | US dollars and cents per troy ounce |
| Tick size | $0.005 per ounce |
| Tick value | $25 per contract |
| Value of a $1.00 move per ounce | $5,000 |
| Contract months | F (Jan), G (Feb), H (Mar), J (Apr), K (May), M (Jun), N (Jul), Q (Aug), U (Sep), V (Oct), X (Nov), Z (Dec) |
| Trading hours | 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. |
| Settlement | Physically delivered |
| Last trading day | 12:25 pm CT on the third last business day of the contract month. |

_Source: [CME Group — Silver contract specs](https://www.cmegroup.com/markets/metals/precious/silver.contractSpecs.html), retrieved 2026-09-22._

## Ticks to dollars

| Price move | Ticks | 1 contract | 10 contracts |
| --- | --- | --- | --- |
| $0.005 per ounce | 1 | $25 | $250 |
| $1 per ounce | 200 | $5,000 | $50,000 |
| $0.25 per ounce | 50 | $1,250 | $12,500 |

## Trading hours

| Central Time (CT) | Eastern Time (ET) | Breaks |
| --- | --- | --- |
| Sun 5:00 pm – Fri 4:00 pm | Sun 6:00 pm – Fri 5:00 pm | 4:00–5:00 pm CT (5:00–6:00 pm ET), Mon–Thu |

## Other sizes

- [SIL — 1,000-oz Silver](https://propfirmpal.com/futures/contracts/sil): $5 per tick.

## Which prop firms allow this contract

Prop Firm Pal does not yet record firms' permitted products symbol by symbol, so no firms are named here. Compare futures prop firms at https://propfirmpal.com/futures and check each firm's rules for SI.

## Frequently asked questions

### 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.

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