# SIL Tick Value & Contract Specs (Micro Silver) > One SIL tick is $0.005 per ounce, worth $5 per contract. A $1.00 move per ounce is worth $1,000, so a move of $0.25 per ounce is 50 ticks, or $250 on one contract. **Source:** https://propfirmpal.com/futures/contracts/sil **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._ --- SIL (1,000-oz Silver) ticks in $0.005 per ounce, worth $5 per contract. CME specs, P&L per move, hours and months. ## Contract specifications | Specification | Value | | --- | --- | | Contract | 1,000-oz Silver (SIL) | | Exchange | COMEX (CME Group) | | Asset class | Metals | | Contract unit | 1,000 troy ounces | | Price quotation | US dollars and cents per troy ounce | | Tick size | $0.005 per ounce | | Tick value | $5 per contract | | Value of a $1.00 move per ounce | $1,000 | | 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 | The third last business day of the contract month. | _Source: [CME Group — 1,000-oz Silver contract specs](https://www.cmegroup.com/markets/metals/precious/1000-oz-silver.contractSpecs.html), retrieved 2026-09-22._ ## Ticks to dollars | Price move | Ticks | 1 contract | 10 contracts | | --- | --- | --- | --- | | $0.005 per ounce | 1 | $5 | $50 | | $1 per ounce | 200 | $1,000 | $10,000 | | $0.25 per ounce | 50 | $250 | $2,500 | ## 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 - [SI — Silver](https://propfirmpal.com/futures/contracts/si): $25 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 SIL. ## Frequently asked questions ### What is the tick value of SIL? One SIL tick is $0.005 per ounce, worth $5 per contract. A $1.00 move per ounce is worth $1,000, so a move of $0.25 per ounce is 50 ticks, or $250 on one contract. ### How much is a $1.00 move per ounce worth on SIL? A $1.00 move per ounce is worth $1,000 per SIL contract: 200 ticks of $5. ### What are SIL trading hours? SIL 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 SIL trade? 3 consecutive months, plus any January, March, May, July, September and December in the nearest 12 months. Month codes: F (Jan), H (Mar), K (May), N (Jul), U (Sep), Z (Dec). Those are the months where most volume trades. ### Is SIL cash-settled? SIL is physically delivered. Last trading day: The third last business day of the contract month. Most traders roll to the next contract month before then. ### What is the margin for SIL? CME Group sets the exchange margin for SIL 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 SIL and SI? SI (Silver) tracks the same market at 5 times the size of SIL. One SI tick is worth $25, against $5 for SIL. ## Related pages - [Futures contract specs](https://propfirmpal.com/futures/contracts) — markdown: https://propfirmpal.com/futures/contracts.md - [Futures market hours](https://propfirmpal.com/futures/market-hours) — markdown: https://propfirmpal.com/futures/market-hours.md - [CME holiday schedule 2026](https://propfirmpal.com/futures/holiday-calendar-2026) — markdown: https://propfirmpal.com/futures/holiday-calendar-2026.md - [Futures trading hours](https://propfirmpal.com/learn/futures-trading-hours) — markdown: https://propfirmpal.com/learn/futures-trading-hours.md - [Futures contract month codes](https://propfirmpal.com/learn/futures-contract-month-codes) — markdown: https://propfirmpal.com/learn/futures-contract-month-codes.md - [Micro vs mini futures](https://propfirmpal.com/learn/micro-vs-mini-futures) — markdown: https://propfirmpal.com/learn/micro-vs-mini-futures.md - [Futures tick values](https://propfirmpal.com/learn/futures-tick-values) — markdown: https://propfirmpal.com/learn/futures-tick-values.md