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.
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.
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.
Test your knowledge
In case you didn’t know, the CFA Institute allows its members to self-determine and report continuing education credits earned from external sources. CFA Institute members are encouraged to self-document such credits in their online CE tracker. CME Institute offers a variety of courses, webinars, and white papers to support your professional education.