100 Ounce Silver futures (SIC) are the smallest silver futures contract on COMEX, part of CME Group. Each contract covers 100 troy ounces, one fiftieth of the 5,000 ounce COMEX Silver (SI) contract, and settles in cash against the SI settlement price, so no metal is delivered.
SIC moves in one cent increments worth $1.00 per contract, and a $1.00 move in silver equals $100. That small scale suits traders starting out in silver and accounts that want to add or reduce silver exposure 100 ounces at a time.
100 Ounce Silver Futures
COMEX (part of CME Group)
100 troy ounces
From 5:00 PM CT Sunday to 4:00 PM CT Friday on CME Globex, stopping at 4:00 PM CT for one hour each weekday
One cent ($0.01) per ounce, or $1.00 per contract
Mar, May, Jul, Sep and Dec contracts within a 24 month window
Cash (financial) settlement based on SI
$0.50/contract
See SIC and every other metals contract on our futures margins page, and visit the metals futures hub for COMEX gold. Larger silver sizes: Micro Silver (SIL), E-mini Silver (QI) and COMEX Silver (SI). To begin with 100 ounces, open an account.
Source: CME
The above information is derived from sources believed to be accurate. It is provided without guarantees and is subject change without notice.
SIC settles against SI, so it follows the same silver market. These reports and measures help explain price changes without pointing to a future direction.
On one SIC contract, silver rising or falling by 50 cents changes the position by $50. Silver futures can lose value quickly, including at small contract sizes.
Speak with our experienced futures brokers at 312-500-4730 to discuss how we can service your futures trading needs.
