This contract is 1/10th the size of the CME Group benchmark Silver futures contract, allowing for customization of exposure in the silver market.
Because the price of gold is a key driver in silver prices, silver can be used as an economic hedge.
Precious metals such as gold, silver, and palladium may be useful to manage risk or serve as a safe haven for capital during times of general financial uncertainty.? There are hedging opportunities and ways to manage risk around supply and demand for both industrial and commercial uses.
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F, H, K, N, U, Z (January, March, May, July, September, and December)
CME Globex: Sun-Fri: 5:00 p.m. to 4:00 p.m. Mon-Fri: Daily trading halt from 3:15 p.m. to 3:30 p.m.
Micro Silver
1,000 troy ounces
CME offers electronic trading almost 24/14
$0.01 per troy ounce
SIL
$10:00
Deliverable
No
Trading terminates on the third last business day of the contract month
CME Globex: Sun-Fri: 5:00 p.m. to 4:00 p.m. Mon-Fri: Daily trading halt from 3:15 p.m. to 3:30 p.m.