SIL tick value & contract specs
Micro Silver (SIL) futures trade on COMEX. The price moves in ticks of 0.005, each tick is worth $5 per contract, and a full one-point move is worth $1,000 per contract.
SIL contract specifications
| Symbol | SIL |
|---|---|
| Contract | Micro Silver |
| Exchange | COMEX |
| Tick size | 0.005 |
| Tick value (per contract) | $5 |
| Point value (per contract) | $1,000 |
| Ticks per point | 200 |
| Electronic hours (ET) | Sun–Fri 6:00pm – 5:00pm, daily break 5:00–6:00pm |
Hours shift around US holidays and early closes. Check CME Group's trading-hours page before relying on them for a specific date.
This is the smaller version of SI (Silver), which is worth $25 per tick. SI specs →
SIL ticks to dollars
10 ticks × 1 contract = $50
SIL tick value table
Dollar value of a move in SIL before commissions, at $5 per tick per contract.
| Ticks | 1 contract | 2 contracts | 5 contracts | 10 contracts |
|---|---|---|---|---|
| 1 | $5 | $10 | $25 | $50 |
| 4 | $20 | $40 | $100 | $200 |
| 10 | $50 | $100 | $250 | $500 |
| 20 | $100 | $200 | $500 | $1,000 |
| 40 | $200 | $400 | $1,000 | $2,000 |
Worked example
You buy 2 SIL contracts and the price rises 10 ticks. Profit before fees = 10 ticks × $5 × 2 contracts = $100. The same move against you is a loss of the same amount.
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Start free trial →Frequently asked questions
$5 per contract. SIL moves in increments of 0.005, and each increment changes the value of one contract by $5.
$1,000 per contract. One point is 200 ticks of 0.005.
No. They are gross values from price movement alone. Your net result is lower by your broker's or prop firm's per-side fees; the fee guide lists current rates.
More contracts: Metals
Futures P&L calculator with SIL selectedFutures Position Size Calculator (Free, No Signup) — FillbookFutures Trading Journal: Auto-Sync & Real Tick P&L — FillbookAll futures tick values
These are the tick and point values Fillbook uses to calculate P&L on every logged SIL trade. Confirm specifications with the exchange before trading.