CME Group has announced a new 100‑ounce silver futures contract that will begin trading on February 9 2026, pending regulatory approval. The contract will be financially settled using the daily settlement price of the global benchmark silver futures and will be listed under COMEX rules.
The launch is a strategic response to the record retail trading volumes seen in 2025 for CME’s micro‑sized contracts—Micro Gold reached 301,000 average daily volume and Micro Silver 48,000. By offering a contract that sits between the 1,000‑ounce Micro Silver and the standard 5,000‑ounce COMEX Silver contract, CME lowers the capital requirement for traders and broadens access for both retail and institutional participants.
Jin Hennig, Managing Director and Global Head of Metals, said the new contract “will improve access to a wider range of participants, enabling them to benefit from the liquidity and efficiencies that our futures markets provide.” Robinhood’s VP of Futures, JB Mackenzie, added that the contract “supports our focus on building the best platform for active traders and offers customers a way to trade silver with less capital.” Plus500US CEO Isaac Cahana noted that the smaller‑size offering “makes it easier than ever for our global customers to capture silver opportunities in a flexible, cost‑effective way.”
CME’s move follows the launch of a 1‑ounce gold futures contract on January 13 2025, which saw over six million contracts traded. The new silver product expands CME’s already extensive metals suite and positions the exchange to capture a larger share of the growing retail‑focused futures market, while competing with other exchanges that offer silver contracts but lack the same breadth of size options.
The contract will be financially settled, meaning no physical delivery is required, and will be governed by COMEX rules. Regulatory approval is still pending, but once cleared the 100‑ounce contract will provide a lower‑capital, higher‑liquidity alternative for traders looking to gain exposure to silver without committing to the larger standard contract size.
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