Silver Futures and Options

The global benchmark COMEX Silver futures and options contracts are designed to help market participants harness the benefits of financial risk management tools and rein in risk to a level that works best for them.

Much like Gold futures and options, Silver futures and options are used extensively as a safe haven in times of financial uncertainty. Our suite of Silver contracts provides market participants with flexibility and choice in tailoring their risk management programs. Our silver products include Silver futures (5,000 oz) and options, Micro Silver futures, E-mini Silver futures, Silver Weekly options, Gold/Silver Ratio futures and London Spot Silver Futures contracts.


Strike Pricing

In additional to the pre-existing strikes at $0.25 increments, strikes at $0.05 are also available. Click here for full detailed information on strike pricing for silver options.


  • COMEX Silver futures and options contracts are global benchmark products.
  • Deep liquidity around the clock for trade executions.
  • Contracts are listed for 60 months forward, enabling the establishment of a forward price curve. 

Market Participants

Market participants are provided with a central point of price discovery, price transparency and risk mitigation of counterparty credit risk. Market participants include producers, end-users, banks, hedge funds and CTAs, proprietary trading firms and active individual traders. 

Approved Storage Depositories

Approved depositories for the storage of silver deliverable against COMEX Silver futures contracts include:

  • Brinks Inc.
  • CNT Depository Inc.
  • Delaware Depository
  •  HSBC Bank USA
  • International Depository Services of Delaware
  • JP Morgan Chase Bank NA
  • Malca-Amit USA, LLC
  • Bank of Nova Scotia

Ease of Access

The Silver contracts are available to trade on CME Globex via CME Direct, CME Group’s free front-end trading platform for accessing CME Group markets. CME Globex operates as a Central Limit Order Book, or CLOB. Silver is also available for clearing on CME ClearPort for privately negotiated trades.

CME Globex

The CME Globex platform was the first - and remains among the fastest global electronic trading systems for futures and options. Through its advanced functionality, high reliability and global connectivity, it is now the world’s premier electronic marketplace for derivatives.

Learn more about CME Globex.

CME Direct

Delivered securely across the Internet, CME Direct is a highly configurable trading front end for CME Group markets that offers a complete suite of solutions across the trading lifecycle.

Learn more about CME Direct, CME Group’s free trading front end.

CME ClearPort

CME ClearPort is a comprehensive set of flexible clearing services for the over-the-counter (OTC) market. With OTC clearing through CME ClearPort, you can continue to negotiate your own prices privately and conduct business off exchange – but you gain increased security and efficiency.

Contract Specs