Metals futures · COMEX
SISilver
One SI tick is $0.005 per troy ounce, worth $25 per contract. One point is worth $5,000.
Contract specifications
| Specification | SI |
|---|---|
| Contract | Silver |
| Exchange | COMEX |
| Contract size | 5,000 troy ounces of silver |
| Minimum tick | $0.005 per troy ounce |
| Tick value | $25 |
| Point value | $5,000 |
Part precious metal, part industrial input. Silver usually moves further than gold in percentage terms, and at $25 a tick it is one of the most expensive contracts per tick to trade.
How much room a funded account gives you on SI
Every Get Funded Now futures account has a 3% maximum drawdown. Divided by SI's $25 tick, that is how far one contract can move against you before the account is breached. Trading your full position limit divides that room by the number of contracts.
| Account | Max drawdown | Ticks of room, 1 SI | Max contracts | Ticks of room, max SI |
|---|---|---|---|---|
| $25,000 | $750 | 30 | 2 | 15 |
| $50,000 | $1,500 | 60 | 4 | 15 |
| $75,000 | $2,250 | 90 | 5 | 18 |
| $100,000 | $3,000 | 120 | 6 | 20 |
| $150,000 | $4,500 | 180 | 9 | 20 |
Size a trade from your stop with the futures position size calculator, or see how end-of-day trailing drawdown works.
Specifications are set by the exchange and are published here for reference. Check the futures rules for the instruments available on your account.
Questions
What is the tick value of SI?
One SI tick ($0.005 per troy ounce) is worth $25 per contract.
How much is one point on SI?
A full one-point move is worth $5,000 per contract.
What does one SI contract represent?
5,000 troy ounces of silver, traded on COMEX.
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