SI futures: tick size, tick value and contract specs
Silver (SI) trades on COMEX. One tick is 0.005 and is worth $25.00 per contract; one point is 200 ticks, worth $5,000.
Tick size
0.005
Tick value
$25.00
Point value
$5,000
Ticks per point
200
Exchange
COMEX
Settlement
Physical delivery
Contract months
5 delivery months a year · H · K · N · U · Z
Front month
SI Z26 · rolls Nov 26, 2026
What a move on SI is worth
Tick value × ticks × contracts, before commissions and fees.
| Move | 1 contract | 2 contracts | 5 contracts | 10 contracts |
|---|---|---|---|---|
| 1 tick | $25.00 | $50.00 | $125.00 | $250.00 |
| 5 ticks | $125.00 | $250.00 | $625.00 | $1,250.00 |
| 10 ticks | $250.00 | $500.00 | $1,250.00 | $2,500.00 |
| 20 ticks | $500.00 | $1,000.00 | $2,500.00 | $5,000.00 |
| 50 ticks | $1,250.00 | $2,500.00 | $6,250.00 | $12,500.00 |
SI tick value calculator
Your move
SI: one tick is 0.005 and worth $25.00; one point is 200 ticks. A move in points is snapped to the tick grid.
Ticks
10
Points
0.05
Per contract
$250.00
Total, 1 contract
$250.00
How many ticks does a dollar risk allow?
Stop that fits, per contract
20 ticks (0.1 points) on 1 contract
Rounded down to whole ticks, so the stop never risks more than the dollars you entered (before commissions and slippage). SI contract specs
The same calculator for every contract: tick value calculator.
SI front month and roll dates
First notice day — the last business day of the month before delivery — binds before the last trading day. Rolls 2 business days before first notice day. On the roll date the next contract is already the front month, so SI H27 takes over from SI Z26 on Nov 26, 2026.
| Contract | Front month from | Rolls |
|---|---|---|
| SI Z26 | ||
| SI H27 | ||
| SI K27 | ||
| SI N27 |
Every root, every date ahead: futures roll calendar. Business days count weekends but not exchange holidays, so confirm the final session with your broker.
Related contracts
Micro contract: SIL · Micro Silver — $5.00 a tick.
Frequently asked
What is the tick value of SI?
One tick on SI (Silver) is 0.005 in price and is worth $25.00 per contract.
How much is one point on SI?
$5,000 per contract. One point is 200 ticks of $25.00.
What is the front-month SI contract?
SI Z26 — it stays the front month until Nov 26, 2026, when SI H27 takes over. The date comes from the roll engine the PassTraq platform charts with.
Is SI cash-settled or physically delivered?
Physically delivered, so the roll is measured from the delivery anchor rather than the last trading day. First notice day — the last business day of the month before delivery — binds before the last trading day. Rolls 2 business days before first notice day.
How does SI compare with SIL?
SIL (Micro Silver) moves on the same price with a $5.00 tick, so one SI contract carries the dollar risk of 5 SIL contracts.
Track this on a real account
A calculator is a snapshot. PassTraq runs these same limits against your actual fills, every day, and warns you before a breach instead of after.
Starter is free foreverEval Autopsy
Drop your broker trade export and replay it through every firm’s evaluation rules — see which ones you would have passed, and exactly where the others would have ended.
Trailing Drawdown Simulator
Step a balance up and down and watch where the drawdown line sits after each move — the number that actually ends most challenges.
Consistency Rule Calculator
Work out how large one day can be against the rest of your profit before a consistency rule holds up the payout.
Days to Pass Planner
Turn a daily average into a realistic number of trading days to reach the profit target, against the minimum days and any time limit.
Tick Value Calculator
What a move is worth in dollars on any futures contract PassTraq models, and how many ticks of stop a dollar risk allows.
Futures Roll Calendar
When each futures contract rolls to the next month, so a chart, a journal entry and a fill all refer to the same contract.
Every figure here is the contract specification PassTraq's platform values fills with, and every front month and roll date comes from the roll engine its charts use. Exchanges can change a specification without notice — confirm with the exchange or your broker before you rely on one. PassTraq is not affiliated with, endorsed by, or a partner of any prop firm, CME Group or Rithmic, except where a link is marked as a partner link. Contract and index names are trademarks of their respective owners and are used only to identify the contracts PassTraq models. Nothing here is financial advice.