E-mini Sliver Futures (QI) | Contract Overview

Each E-mini Silver (QI) contract represents 2,500 troy ounces of silver, making it exactly 50% the size of the standard 5,000-ounce SI contract.

• Minimum tick size: $0.005 per ounce

• Tick value: $12.50 per contract

Calculation:
2,500 ounces × $0.005 = $12.50 per tick.

This provides meaningful price movement for active traders while requiring less capital than the full-size contract.

A $1.00 move in silver equals:
2,500 ounces × $1.00 = $2,500 per contract.

This makes QI highly sensitive to silver volatility and attractive for momentum traders.

E-mini Silver futures trade on the COMEX division of CME Group and are regulated by the Commodity Futures Trading Commission (CFTC).

QI trades nearly 24 hours per day on CME Globex:

• Sunday–Friday: 6:00 p.m. – 5:00 p.m. Central Time

• Daily maintenance break: 5:00–6:00 p.m. CT

This allows traders to respond to global macro events and overnight metals flows.

Yes. QI futures are physically deliverable at expiration through COMEX-approved depositories. However, most traders close or roll positions before delivery notice dates.

Margin Value for COMEX MINY SLIVER FUTURES

Initial = $41,540

Maintenance = $37,764

QI provides a middle ground for position sizing flexibility.

• QI futures: Leverage, expiration, physical delivery, margin-based

• SLV ETF: Stock-like trading, no expiration, no leverage by default

Futures are typically used by short-term traders and hedgers, while ETFs are used for longer-term exposure.