Category
Metals
Exchange
COMEX (CME Group)
Contract Size
1,000 troy ounces (1/5th of SI)
Symbol
SIL
Micro Silver futures offer reduced-size silver exposure at 1,000 ounces per contract. Given silver's volatility, the smaller contract size helps retail traders manage risk while maintaining real market exposure.
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Same as SI: Sun 18:00 – Fri 17:00 ET with daily halt 17:00–18:00 ET.
Day trading margins ~$600–$1,200. Exchange maintenance margin ~$2,000–$2,400.
Micro Gold (MGC) provides gold exposure at one-tenth the standard contract size. With a notional of roughly $20,000, it makes gold futures accessible to retail traders and allows for more precise position sizing.
COMEX Gold futures (GC) are the global benchmark for gold trading. With a 100 oz contract size, each $1 move in gold equals $100. Gold is traded as a safe-haven asset, inflation hedge, and macro trade against real interest rates. The gold futures market is deeply liquid, with daily volume regularly exceeding 200,000 contracts.
Platinum futures trade on NYMEX with a 50 oz contract size. Platinum has both precious metal and industrial applications (catalytic converters, hydrogen fuel cells). The platinum-gold spread is closely watched by precious metals traders.
COMEX Copper futures (HG) track the price of high-grade copper, often called 'Dr. Copper' for its ability to predict economic activity. Copper is essential in construction, electronics, and EV manufacturing. Rising copper prices often signal economic expansion; falling prices signal contraction.