Silver futures have traditionally been dominated by two CME contracts: the benchmark 5,000-ounce Silver futures contract and the smaller 1,000-ounce Micro Silver contract. In 2026, CME Group added a much smaller alternative designed to give traders far more flexibility in how they size silver exposure: 100-Ounce Silver futures, traded under the symbol SIC.
The contract represents exactly 100 troy ounces of silver, making it one-tenth the size of Micro Silver and one-fiftieth the size of standard SI. It is also financially settled rather than physically delivered, uses a $0.01-per-ounce minimum price increment, and is scheduled to expand from the traditional futures week to full 24/7 trading on September 11, 2026.
That combination makes SIC different from simply calling it a “smaller Silver future.” Its contract multiplier changes the dollar effect of every move in silver, its cash-settlement structure removes the physical-delivery mechanics associated with larger COMEX silver contracts, and its new weekend schedule will allow traders to access a CME-listed Silver futures product at times when SI and Micro Silver remain closed.
For traders researching 100-Ounce Silver futures, the key questions are therefore practical: How much silver does one contract control? What is one tick worth? How much does the position move when silver changes by $0.10 or $1? When can SIC be traded? What happens at expiration? And how does the shift to 24/7 access change the technical environment needed to monitor the market?
This guide answers those questions in detail.
What Are 100-Ounce Silver Futures?
100-Ounce Silver futures are COMEX-listed futures contracts designed around 100 troy ounces of silver. The CME Globex code is SIC, and the contract is quoted in U.S. dollars and cents per troy ounce. CME launched the product in February 2026 as its smallest Silver futures offering.
The contract’s smaller multiplier makes the relationship between the quoted silver price and the position value relatively easy to understand. If silver is trading at $80 per ounce, one SIC contract represents approximately $8,000 of notional silver exposure because 100 ounces multiplied by $80 equals $8,000. If silver rises to $81, the value of the contract changes by approximately $100 because the underlying price moved $1 across 100 ounces.
The contract itself does not require the trader to pay the full notional amount upfront. Like other futures products, SIC is traded using margin. However, margin should not be confused with total exposure. A broker might require only a fraction of the notional contract value as collateral, while gains and losses still respond to movements across the entire 100-ounce multiplier. CME also notes that individual clearing firms can impose margin requirements above CME Clearing’s minimum.
The basic current specifications are:
| Specification | 100-Ounce Silver |
|---|---|
| Symbol | SIC |
| Exchange | COMEX |
| Contract size | 100 troy ounces |
| Price quotation | U.S. dollars and cents per troy ounce |
| Minimum price movement | $0.01/oz |
| Minimum tick value | $1 |
| Settlement | Financial / cash settled |
| Listed months | March, May, July, September, December |
| Listing horizon | Nearest 24 months |
| Last trading day | Third-to-last business day of month before contract month |
| Trading venue | CME Globex |
CME’s current 100-Ounce Silver contract FAQ confirms that SIC represents 100 ounces, is cash settled to the benchmark 5,000-ounce Silver futures contract, and uses March, May, July, September, and December contract months within the nearest 24-month period.
The smaller size does not mean silver itself has become less volatile. SIC follows the same underlying silver market that can react strongly to inflation expectations, interest rates, U.S. dollar movements, industrial demand, solar demand, electronics manufacturing, geopolitical events, commodity flows, and broader risk sentiment. What changes is how much dollar exposure one futures contract creates.
100-Ounce Silver Tick Value Explained
The current minimum trading price fluctuation for SIC is $0.01 per troy ounce. Because the contract represents 100 ounces, a one-cent move in silver changes the value of one contract by:
$0.01 × 100 ounces = $1
That means the minimum tick value is $1 per contract. CME’s current contract FAQ lists both the trading and settlement price increment at $0.01 per ounce.
The simple multiplier makes larger movements equally easy to calculate. If silver moves $0.05 per ounce, one SIC contract changes by approximately $5. A $0.10 move corresponds to roughly $10. A $0.50 move corresponds to $50, and a full $1 move corresponds to approximately $100.
For example, suppose SIC is trading at $82.50 and later moves to $82.90. Silver has increased by $0.40 per ounce.
The approximate change in contract value is:
$0.40 × 100 ounces = $40
If the futures price falls by $0.40 instead, the contract-value movement is approximately $40 in the opposite direction.
This is one of the main reasons contract size matters more than simply comparing margin requirements. The multiplier tells the trader how the instrument responds to the underlying commodity. Margin tells the trader how much collateral the broker requires to maintain that exposure. Those are related concepts, but they are not the same thing.
How SIC Compares With SI and Micro Silver
The difference becomes especially clear when the three main CME Silver futures products are viewed together.
| Contract | Symbol | Size | Minimum outright move | Minimum tick value | Approx. value of $1 silver move |
|---|---|---|---|---|---|
| Standard Silver | SI | 5,000 oz | $0.005/oz | $25 | $5,000 |
| Micro Silver | SIL | 1,000 oz | $0.005/oz | $5 | $1,000 |
| 100-Ounce Silver | SIC | 100 oz | $0.01/oz | $1 | $100 |
One SIC contract therefore creates only one-fiftieth the nominal silver exposure of one SI contract and one-tenth the exposure of one Micro Silver contract.
Suppose silver rises by $2 per ounce. One SI contract changes by approximately $10,000, one Micro Silver contract changes by approximately $2,000, and one SIC contract changes by approximately $200.
The underlying market move is exactly the same. The only difference is the contract multiplier.
This does not mean SIC is automatically the most efficient way to trade every amount of silver exposure. Ten SIC contracts represent 1,000 ounces, roughly the same nominal quantity as one Micro Silver contract. Fifty SIC contracts represent 5,000 ounces, approximately the same amount represented by one SI contract.
Trading ten or fifty smaller contracts can create a different commission, spread, market-depth, and order-management profile than trading one larger contract. Contract granularity is valuable, but traders still need to consider liquidity and transaction costs before assuming that the smallest contract is always the best choice.
100-Ounce Silver Trading Hours in 2026
Trading hours are one of the most important reasons SIC is receiving attention in 2026.
As of September 3, 2026, 100-Ounce Silver has not yet begun its production weekend sessions. CME has scheduled the contract to move to 24/7 trading beginning Friday, September 11, 2026. The first weekend trading session is scheduled to begin at 4:30 p.m. Central Time on September 11.
That exact date matters because articles describing SIC as already trading throughout every weekend would be premature before September 11.
For the first weekend launch, CME will use a special extended maintenance period from 4:00 p.m. to 4:30 p.m. CT on Friday, September 11. After that transition, normal Friday trading is expected to resume at 4:02 p.m. CT.
Once the 24/7 schedule is active, the regular CME Globex maintenance structure will be:
| Period | Maintenance window |
|---|---|
| Monday-Friday | 4:00 p.m.-4:02 p.m. CT |
| Monday-Friday pre-open | 4:01 p.m.-4:02 p.m. CT |
| Saturday | 2:00 a.m.-4:00 a.m. CT |
| Saturday pre-open | 3:45 a.m.-4:00 a.m. CT |
CME’s 24/7 futures trading schedule identifies 100-Ounce Silver as joining the continuous schedule on September 11 and lists the two-minute weekday and two-hour Saturday maintenance periods.
This structure is substantially different from standard SI and Micro Silver, which remain on the established Sunday-through-Friday metals schedule with a longer daily maintenance interruption.
That means traders searching for “Silver futures trading hours” will increasingly need to specify the contract. After September 11, SIC can be available during Saturday and Sunday periods when SI and SIL remain closed.
What Happens to Weekend Trade Dates?
Continuous weekend trading creates an operational detail that can confuse traders reviewing their platform history or account statements.
CME states that holiday and weekend activity occurring from Friday evening through Sunday evening receives the following business day’s trade date. Clearing, settlement, and regulatory reporting are processed on that following business day as well.
For example, a SIC trade completed on Saturday can carry Monday’s business trade date even though the actual transaction happened on Saturday.
This is normal exchange processing rather than an error in the trading platform.
The distinction can be important for traders maintaining execution logs, performance records, automated reporting systems, or custom data analysis because the calendar date and CME business trade date may not always match.
Why 24/7 Silver Trading Matters
Silver reacts to two broad groups of forces simultaneously. It behaves as a precious metal influenced by monetary policy, currencies, inflation expectations, and global risk sentiment, while also functioning as an industrial metal used in electronics, solar technology, manufacturing, and other physical applications.
Developments affecting either side of that equation can occur outside the traditional futures week.
A geopolitical event can unfold on Saturday. A major political announcement may arrive on Sunday. Changes in global commodity sentiment can develop while U.S. markets are closed. Industrial or trade-policy news from Asia can emerge long before the traditional Sunday COMEX reopening.
Under the established SI and Micro Silver schedule, traders may have to wait until Sunday evening to access those CME Silver markets after the Friday close.
The new SIC schedule creates a different model. Once the September 11 expansion takes effect, traders will be able to access a CME-listed Silver futures product through much more of the weekend.
That can improve continuity of price discovery, but it does not guarantee weekday-like trading conditions.
A market being open is not the same thing as a market being deeply liquid.
Weekend participation may differ from the most active U.S. trading hours. Bid-ask spreads can widen, available size at the best bid or offer can decrease, and a larger order may move through several price levels more quickly. Traders should therefore inspect current volume, spreads, and market depth instead of assuming that a 24/7 contract behaves identically at every hour.
Continuous trading also does not remove gap or execution risk. Prices can still move abruptly when new information appears, broker infrastructure can temporarily become unavailable, and scheduled CME maintenance still interrupts trading.
The practical benefit is access, not a guarantee of execution quality.
How SIC Settlement and Expiration Work
One of the clearest structural differences between SIC and CME’s larger Silver futures contracts is settlement.
100-Ounce Silver futures are financially settled.
CME describes SIC as its smallest Silver product and states that the contract is cash settled to the benchmark 5,000-troy-ounce Silver futures contract.
That differs from standard SI and Micro Silver, which use physical-delivery structures.
For traders who consistently close positions well before expiration, the settlement method may rarely affect day-to-day trading. It still matters because it determines what happens if a position remains open through the contract’s final settlement process.
With SIC, the contract is resolved financially rather than creating an obligation to receive or deliver physical silver.
The contract is listed in March, May, July, September, and December months within the nearest 24-month period. A new contract month is listed on the last business day of the month following an expiry.
Trading terminates on the third-to-last business day of the month before the contract month.
That termination rule deserves attention because a trader should not assume that a September SIC contract simply trades until the end of September. The last trading day occurs before the named contract month under CME’s defined schedule.
Broker policies can also differ from exchange rules. A futures broker may impose its own deadlines, risk controls, or restrictions around expiring contracts. Traders should therefore check both CME’s contract specifications and the specific broker’s policy rather than relying solely on the month displayed in a platform symbol.
Margins, Liquidity and Broker Availability
Because SIC is smaller than Micro Silver or SI, traders may naturally ask how much margin is required.
The most accurate answer is that margin is not a fixed permanent number.
CME Clearing can change requirements as volatility and market risk change, while individual clearing firms and brokers can require more collateral than CME’s minimum. Intraday and overnight requirements may also differ depending on the broker and account structure. CME explicitly notes that clearing firms can require margin beyond the exchange minimum.
For educational purposes, notional exposure is more stable and easier to calculate.
If silver trades at $80 per ounce, one SIC contract represents approximately:
$80 × 100 ounces = $8,000 notional exposure
If silver rises to $90, the notional amount becomes approximately $9,000.
The required margin may be a fraction of that value, but the contract still responds to movements across all 100 ounces.
Liquidity should be evaluated separately from contract size. SIC is a relatively new contract compared with benchmark SI, although adoption has developed quickly. CME reported that 100-Ounce Silver averaged approximately 17,800 contracts per day during the first half of 2026 after its February launch.
That figure demonstrates meaningful activity, but it should not be interpreted to mean every expiration and every hour has identical depth.
Before entering a trade, look at the current bid and ask, spread, recent volume, and available order-book size in the specific contract month being traded.
Broker access is another practical consideration. CME notes that traders who already have a futures brokerage relationship but do not see SIC on their platform may need to contact the broker to enable the contract.
The same issue becomes even more relevant for weekend access. CME Globex can be open while an individual broker performs maintenance or has not enabled a particular feature for weekend trading.
Exchange availability and broker availability should therefore be treated as separate layers.
Trading 100-Ounce Silver From a VPS
The shift to 24/7 trading changes the technical environment around SIC more than it changes the contract mathematics.
A trader who only opens a platform manually for a short session may not need specialized remote infrastructure. But traders running continuous charts, market alerts, data collection, permitted automation, or monitoring applications may want those tools available during periods when a personal computer is turned off.
With the traditional Silver futures schedule, many traders could treat Friday afternoon through Sunday evening as a predictable shutdown period. Weekend SIC trading removes much of that gap.
A home computer can remain perfectly adequate, but it adds several local dependencies. The trading platform relies on residential Internet, household electricity, the router, Windows stability, and the computer remaining awake and powered. A failure in any of those components can interrupt the environment while CME Globex itself remains available.
A remote Windows environment can separate the trading software from those household dependencies.
TradingVPS provides Chicago-based infrastructure for supported futures platforms such as NinjaTrader, Quantower, Sierra Chart, Rithmic-connected applications, CQG, Tradovate, and other futures trading tools. The main benefit for a 24/7 SIC workflow is persistence: charts, monitoring applications, and permitted automated tools can remain hosted remotely without requiring a trader’s personal PC to stay online continuously.
That should not be interpreted as a promise that a VPS eliminates trading risk.
A remote server cannot prevent CME maintenance, broker outages, thin weekend liquidity, rejected orders, market gaps, or platform errors. It cannot guarantee a particular fill or eliminate latency completely.
The value is infrastructure continuity.
Why Monitoring Becomes More Important With 24/7 Trading
Server uptime alone does not prove that the trading platform is healthy.
A VPS might remain online while NinjaTrader has lost its data connection. Windows may be responsive while a market-data application has frozen. CME could complete its two-minute weekday maintenance period normally while the broker platform fails to reconnect afterward.
For an extended-hours market, that distinction matters.
The trader should know whether the server is available, whether the trading platform process is running, whether the broker connection is active, and whether market data is updating normally.
The same principle applies to Saturday maintenance. Under the standard 24/7 schedule, SIC will pause for two hours from 2:00 a.m. to 4:00 a.m. CT. A temporary disconnection during that defined period may be normal. Remaining disconnected well after the market resumes is a different issue.
The goal of monitoring is not to force the trader to watch silver markets every hour of the weekend. The purpose is to make the environment observable so that unexpected problems can generate attention when needed.
Common Misunderstandings About 100-Ounce Silver Futures
One common misconception is that SIC represents 100 shares or a silver ETF position. It does not. The contract represents 100 troy ounces of silver exposure through a COMEX futures contract.
Another misconception concerns tick size. Current CME specifications list the minimum trading movement at $0.01 per ounce, producing a $1 minimum tick value for the 100-ounce contract. Traders should use current CME specifications rather than older or third-party descriptions when configuring platforms or calculating risk.
A third misunderstanding is that SIC is already trading every weekend as of early September. The product itself has been live since February 2026, but the production 24/7 weekend schedule is scheduled to begin September 11, 2026.
Another mistake is assuming that all CME Silver futures are moving to continuous trading. The announced September expansion applies specifically to 100-Ounce Silver futures. Standard SI and Micro Silver remain on their established futures-week schedules.
Traders may also assume a smaller contract automatically means a smaller total position. That is true only when contract quantity stays low. Ten SIC contracts represent 1,000 ounces, and fifty SIC contracts represent 5,000 ounces. A trader can recreate Micro Silver or SI-sized nominal exposure by increasing the number of smaller contracts.
Finally, financial settlement does not mean expiration can be ignored. SIC does not create a physical-delivery obligation, but contract months still terminate according to CME rules, liquidity still migrates between expirations, and brokers can still apply expiration-related controls.
Frequently Asked Questions About 100-Ounce Silver Futures
CME’s current minimum price fluctuation is $0.01 per ounce. With a 100-ounce multiplier, one minimum tick is worth $1 per contract.
CME has scheduled SIC to begin production 24/7 trading on September 11, 2026. As of September 3, weekend production trading has not yet begun.
The regular schedule will include maintenance Monday through Friday from 4:00 p.m. to 4:02 p.m. CT and Saturday from 2:00 a.m. to 4:00 a.m. CT.
Not under the same new 24/7 schedule. The announced September 2026 weekend expansion applies to 100-Ounce Silver.
Yes, supported futures platforms can operate in an appropriately configured remote Windows environment. A VPS can reduce dependence on a home PC and residential Internet for extended charts, monitoring, and permitted automation, although it does not eliminate broker, exchange, or market risk.
Final Thoughts: What 100-Ounce Silver Changes in 2026
100-Ounce Silver futures bring a new level of flexibility to CME’s Silver futures lineup.
The core mechanics are straightforward. One SIC contract represents 100 troy ounces. The minimum price movement is $0.01 per ounce, making one tick worth $1. A $0.10 move in silver corresponds to approximately $10 per contract, while a $1 move corresponds to approximately $100.
The contract is financially settled, unlike physically deliverable SI and Micro Silver, and uses March, May, July, September, and December contract months. Trading terminates on the third-to-last business day of the month before the named contract month.
The biggest 2026 development is the schedule.
CME has set September 11, 2026 as the start of production weekend trading for SIC. After the initial launch-day transition, the contract is designed to trade continuously apart from a two-minute maintenance period Monday through Friday and a two-hour maintenance window on Saturday.
That gives traders something they have not traditionally had through the standard COMEX Silver futures lineup: access to a right-sized, CME-listed Silver contract during much of the weekend.
The smaller multiplier provides greater position granularity, but it does not eliminate leverage or market risk. Fifty SIC contracts can still represent the same 5,000 ounces as one SI contract. Likewise, 24/7 availability does not guarantee deep liquidity at every hour.
For traders who intend to follow the market through extended or weekend sessions, infrastructure also becomes more relevant. A persistent remote environment from TradingVPS can keep supported charts, monitoring applications, and permitted trading software available independently of a trader’s home computer and residential connection.
The VPS cannot determine whether silver rises or falls, and it cannot guarantee execution quality. Its role is simply to provide the technical environment used to access and monitor an increasingly continuous futures market.
For anyone evaluating 100-Ounce Silver futures in 2026, the essential points are clear: understand the 100-ounce multiplier, use the current $1 tick value, recognize that SIC is cash settled, track the contract expiration schedule, and remember that full weekend production trading begins on September 11, 2026.
Those details matter more than simply knowing that SIC is CME’s smallest Silver futures contract.
This article is provided for general informational purposes and does not constitute financial, investment, legal, or trading advice. Futures involve substantial risk. CME specifications, market hours, margin requirements, and broker policies can change.
