Market reference update: Contract examples below may be historical. See the official exchange resources for current listings and terms.
Silver futures are standardized, exchange-traded contracts in which the contract buyer agrees to take delivery, from the seller, a specific quantity of silver (eg. 30000 grams) at a predetermined price on a future delivery date.
Silver Futures Exchanges
You can trade Silver futures at New York Mercantile Exchange (NYMEX) and Tokyo Commodity Exchange (TOCOM).
NYMEX Silver futures prices are quoted in dollars and cents per ounce and are traded in lot sizes of 5000 troy ounces .
TOCOM Silver futures are traded in units of 30000 grams (964.53 troy ounces) and contract prices are quoted in yen per gram.
Official futures market resources
Use the exchange pages for current contract specifications and margin information. Quotes may be delayed or require sign-in. Margin requirements vary by position and broker.
| Exchange & futures product | Market information | Margin information |
|---|---|---|
| COMEX Silver (SI) | Quotes / market data Contract specifications | View margin information |
| Osaka Exchange Silver | JPX quotes directory Contract specifications | View margin information |
For Japanese quotes, open the JPX directory and select the relevant OSE or TOCOM service.
Current Japanese product information is published by JPX for Osaka Exchange; older TOCOM/TGE references in the examples are historical.
Exchange references reviewed 2026-09-12. Educational examples and exchange names elsewhere in this article may be historical.
Silver Spot Price Chart — USD
OANDA Silver spot reference price. Spot prices differ from futures contract prices. Check the widget timestamp and market status; prices may be delayed.
Silver Futures Trading Basics
Consumers and producers of silver can manage silver price risk by purchasing and selling silver futures. Silver producers can employ a short hedge to lock in a selling price for the silver they produce while businesses that require silver can utilize a long hedge to secure a purchase price for the commodity they need.
Silver futures are also traded by speculators who assume the price risk that hedgers try to avoid in return for a chance to profit from favorable silver price movement. Speculators buy silver futures when they believe that silver prices will go up. Conversely, they will sell silver futures when they think that silver prices will fall.
Learn More About Silver Futures & Options Trading
- Buying Silver Futures to Profit from a Rise in Silver Prices
- Selling Silver Futures to Profit from a Fall in Silver Prices
- Silver Options Basics
- Silver Call Option Trading Basics
- Silver Put Option Trading Basics
- Hedging Against Rising Silver Prices with Silver Futures
- Hedging Against Falling Silver Prices with Silver Futures