100-Ounce Silver Futures Contract
The high-demand silver market is now even more accessible than ever. The 100-Ounce Silver (SIC) futures contract offers a low-cost, manageable entry point, letting you trade in the silver market with less capital. With each contract representing 100 ounces of silver, this contract is a valuable tool for investors looking for a precious metal that serves as an inflation hedge while also possessing many industrial applications. Silver is the most extensively produced precious metal in history and has been mined for six millennia. Historically, it has often served as a currency and thus it shares many of the inflation-hedge and safe haven qualities of gold. However, unlike gold, silver is widely used in industry as manufactures capitalize on its superior electrical conductivity.
Learn how to trade Silver Futures with our step-by-step guide.
Contract Unit
100 troy ounces
Futures Contract
Symbol
CME Globex: SIC
Trading Hours
CME Globex: Sunday – Friday 5:00 p.m. – 4:00 p.m. Chicago/Central Time (CT).
Minimum Price
Fluctuation
0.01 per troy ounce = $1.00
Contract Months
January, March, May, July, September & December
Settlement Method
Financially Settled
Price Limit / Circuit
Source: CME Group
The above information was derived from sources believed to be reliable and accurate. It is provided without guarantees and is subject change without notice.
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