COMEX
Silver (SI) Tick Value & Contract Specs
Tick value $25.00 per tick — 5,000 troy ounces of silver.
- Exchange
- COMEX
- Contract size
- 5,000 troy ounces of silver
- Tick size
- 0.005
- Tick value
- $25.00
- Point value (multiplier)
- $5000
- Trading hours
- Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:15pm–6:00pm ET
- Margin
- Margin varies by broker — silver's higher volatility typically means higher margin than gold, per contract.
How SI tick value works
tick value = tick size × multiplier. For SI, that is 0.005 × $5000 = $25.00 per tick, per contract.
One contract represents 5,000 troy ounces of silver. P&L for a move from entry to exit is (exit − entry) ÷ tick size × tick value × contracts.
Frequently asked questions
- What is the tick value for SI?
- $25.00 per tick — a 0.005 tick size × a $5000 multiplier (point value).
- What is one SI contract worth?
- One contract represents 5,000 troy ounces of silver. Notional value = price × $5000; use the tick value calculator with the current price for an exact figure.
- Which exchange lists SI?
- Silver (SI) trades on the COMEX.
- What are the trading hours for SI?
- Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:15pm–6:00pm ET.
- How much margin do I need to trade SI?
- Margin varies by broker — silver's higher volatility typically means higher margin than gold, per contract.
- How is P&L calculated for SI?
- P&L = (exit price − entry price) ÷ 0.005 tick size × $25.00 tick value × number of contracts. Use the tick value calculator to compute this directly.
Specs last reviewed 2026-06-01. Exchanges can amend contract specs — always confirm against the exchange or your broker before trading.