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.

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.

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 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

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.