Markets Home

Active trader

Hear from active traders about their experience adding CME Group futures and options on futures to their portfolio.

Find a broker

Search our directory for a broker that fits your needs.

CREATE A CMEGROUP.COM ACCOUNT:

MORE FEATURES, MORE INSIGHTS

Get quick access to tools and premium content, or customize a portfolio and set alerts to follow the market.
Market Data Home

Real-time market data

Stream live futures and options market data directly from CME Group.

E-quotes application

Access real-time data, charts, analytics and news from anywhere at anytime.

CME DATAMINE:

THE SOURCE FOR HISTORICAL DATA

Explore historical market data straight from the source to help refine your trading strategies.
Services Home

Uncleared margin rules

Understand how CME Group can help you navigate new initial margin regulatory and reporting requirements.

Calculate margin 

Evaluate your cleared margin requirements using our interactive margin calculator.
Education Home

FX Insights from Macro Hive

Receive exclusive insights on key FX macro themes, volatility trends, and market events through our bi-weekly report.

Create a CMEGroup.com Account: More features, more insights

Get quick access to premium educational content, including expert-led webinars, a real-time trading simulator, and more.
      Course Overview

      Micro E-mini futures

      • Micro E-mini Equity Index futures products overview
      • Hedging with Micro E-mini futures
      • Managing Micro E-mini futures expiration

      Micro E-mini options

      • Get to know options on Micro E-mini futures
      • Understanding listings and expirations
      • Micro E-mini options strategies

      Micro Bitcoin futures

      • Micro Bitcoin futures product overview

      Micro Gold and Silver futures

      • Micro Gold and Silver futures overview
      Understanding Micro futures contracts at CME Group
      You completed this course.Get Completion Certificate

      Micro Gold and Silver futures overview

        • Also available in

        • 繁體中文
        • 简体中文

      Video not supported!

      Are you looking for the opportunity to trade Gold or Silver futures? Would smaller size contracts suit your trading strategies or upfront capital availability better?

      Micro Gold and Micro Silver futures contracts may be the alternative for you.

      Conveniently sized and tailored to the individual investor, these contracts offer less capital commitment, lower margin, and smaller exchange fees than the larger-sized Gold and Silver futures contracts - but with the same flexibility, safety, and security.

      Contract Specifications

      The Micro gold futures are 1/10 the size of the 100-ounce Gold futures contract. So, the contract unit of the Micro Gold futures contract is 10 troy ounces. Like the 100-ounce Gold futures contract, Micro Gold futures are quoted in 10-cent increments, making a one-tick move in the Micro Gold futures equal to $1.

      Micro Silver futures are 1/5 the size of the 5000-ounce silver futures. The contract unit is 1,000 troy ounces. The Micro Silver futures are quoted in 1/10 of one cent– making a one-tick move equivalent to $1.

      Both the Micro Gold and Micro Silver futures contracts are part of CME Group’s micro suite of products, facilitating cross margining opportunities.

      Micro Gold futures offers a 10:1 offset with the larger 100-oz. Gold futures contract and the Micro Silver futures offers a 5:1 offset with the 5,000-oz. Silver futures contract.

      The daily settlement prices for the futures contracts will be identical to that of the larger Gold and Silver futures contract. Trading of the Micro Gold futures and Micro Silver futures can be conducted through your broker or through CME Globex Sunday through Friday, almost 24 hours per day.

      Conclusion

      Whether you are looking to fine tune your gold and silver exposure, or you want to get started trading these markets with smaller capital exposure, CME Group has a variety of Gold and Silver contracts to fit your needs.


      Learn more about CME Group’s Precious Metals.


      Test your knowledge

      Related Courses
      /content/cmegroup/en/education/courses/understanding-micro-futures-contracts-at-cme-group/micro-gold-and-silver-futures/micro-gold-and-micro-silver-futures-product-overview
      • {{ course.name }}
      Previous Lesson
      Next Lesson
      Course Overview
      Get Completion Certificate
      Previous Lesson Next Lesson
      • YouTube
      • Twitter
      • Facebook
      • LinkedIn
      • Instagram
      • Rss

      CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
      Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

      © 2021 CME Group Inc. All rights reserved.

      Disclaimer  |  Privacy Policy  |  Cookie Policy  |  Terms of Use  |  Data Terms of Use  |  Modern Slavery Act Transparency Statement  |  Report a Security Concern