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Contract Specifications

Gold Futures Contract Specifications

Gold Futures (GC)

  • Trading Symbol: GC
  • Contract Size: 100 troy ounces
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: $0.10 per troy ounce
  • Tick Value: $10.00 per contract ($0.10 × 100 troy ounces)
  • Settlement Method: Physically settled (gold delivery)
  • Initial Margin: $12,100 (as of April 2025, per CME Group)
  • Maintenance Margin: $11,000 (as of April 2025, per CME Group)
  • Contract Months: Feb (G), Apr (J), Jun (M), Aug (Q), Oct (V), Dec (Z), plus all months for the first three years
  • Exchange: CME Group (COMEX)

E-mini Gold Futures (QO)

  • Trading Symbol: QO
  • Contract Size: 50 troy ounces
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: $0.25 per troy ounce
  • Tick Value: $12.50 per contract ($0.25 × 50 troy ounces)
  • Settlement Method: Physically settled (gold delivery)
  • Initial Margin: $6,050 (as of April 2025, per CME Group)
  • Maintenance Margin: $5,500 (as of April 2025, per CME Group)
  • Contract Months: Feb (G), Apr (J), Jun (M), Aug (Q), Oct (V), Dec (Z)
  • Exchange: CME Group (COMEX)

Micro Gold Futures (MGC)

  • Trading Symbol: MGC
  • Contract Size: 10 troy ounces
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: $0.10 per troy ounce
  • Tick Value: $1.00 per contract ($0.10 × 10 troy ounces)
  • Settlement Method: Physically settled (gold delivery)
  • Initial Margin: $1,210 (as of April 2025, per CME Group)
  • Maintenance Margin: $1,100 (as of April 2025, per CME Group)
  • Contract Months: Feb (G), Apr (J), Jun (M), Aug (Q), Oct (V), Dec (Z)
  • Exchange: CME Group (COMEX)

Silver Futures Contract Specifications

Silver Futures (SI)

  • Trading Symbol: SI
  • Contract Size: 5,000 troy ounces
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: $0.005 per troy ounce
  • Tick Value: $25.00 per contract ($0.005 × 5,000 troy ounces)
  • Settlement Method: Physically settled (silver delivery)
  • Initial Margin: $16,500 (as of April 2025, per CME Group)
  • Maintenance Margin: $15,000 (as of April 2025, per CME Group)
  • Contract Months: Jan (F), Mar (H), May (K), Jul (N), Sep (U), Dec (Z), plus additional months for the first three years
  • Exchange: CME Group (COMEX)

Mini Silver Futures (QI)

  • Trading Symbol: QI
  • Contract Size: 2,500 troy ounces
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: $0.0125 per troy ounce
  • Tick Value: $31.25 per contract ($0.0125 × 2,500 troy ounces)
  • Settlement Method: Physically settled (silver delivery)
  • Initial Margin: $8,250 (as of April 2025, per CME Group)
  • Maintenance Margin: $7,500 (as of April 2025, per CME Group)
  • Contract Months: Jan (F), Mar (H), May (K), Jul (N), Sep (U), Dec (Z)
  • Exchange: CME Group (COMEX)

Micro Silver Futures (SIL)

  • Trading Symbol: SIL
  • Contract Size: 1,000 troy ounces
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: $0.001 per troy ounce
  • Tick Value: $1.00 per contract ($0.001 × 1,000 troy ounces)
  • Settlement Method: Physically settled (silver delivery)
  • Initial Margin: $3,300 (as of April 2025, per CME Group)
  • Maintenance Margin: $3,000 (as of April 2025, per CME Group)
  • Contract Months: Jan (F), Mar (H), May (K), Jul (N), Sep (U), Dec (Z)
  • Exchange: CME Group (COMEX)

Copper Futures Contract Specifications

Copper Futures (HG)

  • Trading Symbol: HG
  • Contract Size: 25,000 pounds
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: $0.0005 per pound
  • Tick Value: $12.50 per contract ($0.0005 × 25,000 pounds)
  • Settlement Method: Physically settled (copper delivery)
  • Initial Margin: $6,600 (as of April 2025, per CME Group)
  • Maintenance Margin: $6,000 (as of April 2025, per CME Group)
  • Contract Months: All months (Jan [F], Feb [G], Mar [H], Apr [J], May [K], Jun [M], Jul [N], Aug [Q], Sep [U], Oct [V], Nov [X], Dec [Z])
  • Exchange: CME Group (COMEX)

E-mini Copper Futures (QC)

  • Trading Symbol: QC
  • Contract Size: 12,500 pounds
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: $0.002 per pound
  • Tick Value: $25.00 per contract ($0.002 × 12,500 pounds)
  • Settlement Method: Physically settled (copper delivery)
  • Initial Margin: $3,300 (as of April 2025, per CME Group)
  • Maintenance Margin: $3,000 (as of April 2025, per CME Group)
  • Contract Months: All months (Jan [F], Feb [G], Mar [H], Apr [J], May [K], Jun [M], Jul [N], Aug [Q], Sep [U], Oct [V], Nov [X], Dec [Z])
  • Exchange: CME Group (COMEX)

Micro Copper Futures (MHG)

  • Trading Symbol: MHG
  • Contract Size: 2,500 pounds
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: $0.002 per pound
  • Tick Value: $5.00 per contract ($0.002 × 2,500 pounds)
  • Settlement Method: Physically settled (copper delivery)
  • Initial Margin: $660 (as of April 2025, per CME Group)
  • Maintenance Margin: $600 (as of April 2025, per CME Group)
  • Contract Months: All months (Jan [F], Feb [G], Mar [H], Apr [J], May [K], Jun [M], Jul [N], Aug [Q], Sep [U], Oct [V], Nov [X], Dec [Z])
  • Exchange: CME Group (COMEX)

Platinum Futures Contract Specifications

Platinum Futures (PL)

  • Trading Symbol: PL
  • Contract Size: 50 troy ounces
  • Trading Hours: Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)
  • Tick Size: $0.10 per troy ounce
  • Tick Value: $5.00 per contract ($0.10 × 50 troy ounces)
  • Settlement Method: Physically settled (platinum delivery)
  • Initial Margin: $7,150 (as of April 2025, per CME Group)
  • Maintenance Margin: $6,500 (as of April 2025, per CME Group)
  • Contract Months: Jan (F), Apr (J), Jul (N), Oct (V)
  • Exchange: CME Group (NYMEX)

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Carefully consider the investment objectives, risk factors, charges, and expenses associated with futures and options trading before investing. Futures and options trading involves substantial risk of loss and is not suitable for all investors. The use of leverage can amplify both gains and losses, and investors should carefully evaluate their financial condition, risk tolerance, and trading experience before engaging in derivatives trading.

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Electronic Trading & System Risks

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