100-Ounce Silver Futures (SIC) | Contract Overview

Each 100-ounce silver futures contract represents 100 troy ounces of silver. This large size is ideal for professional traders and institutional participants seeking significant exposure to silver prices.

Tick size: $0.005 per ounce
Tick value: $0.50 per contract

100-ounce silver futures are listed on the CME Group, offering high liquidity, deep order books, and access through regulated futures broker like Lincoln Park Financial.

The most common symbol for CME 100-ounce silver futures is SIC, followed by the month and year code (e.g., SICH26 for March 2026). Brokers provide updated contract symbols for each expiration.

Margin requirements vary with market conditions, but typical levels are:

• Initial margin: ~$400 per contract

• Maintenance margin: ~$1,523 per contract
  Professional silver traders often use margin efficiently to maximize exposure while managing risk.

These contracts are most popular among:

• Professional traders seeking large exposure

• Hedge funds managing silver portfolios

• Industrial companies hedging physical silver purchases

• Experienced retail traders with sufficient capital and risk tolerance

• 100-ounce contracts: Large exposure, higher margin, professional focus

• Micro silver futures (MGC): 10 oz size, lower margin, suitable for smaller accounts
  Both track silver prices, but micro contracts are more accessible for retail traders.

Traders can open a futures account with a regulated brokerage like Lincoln Park Financial. The process includes:

1. Completing an application

2. Meeting margin requirements

3. Understanding futures trading risks
   Once approved, you can trade 100-ounce silver futures on CME Globex.