Commodities

CME 100-Ounce Silver Futures Trade 2,387 Contracts in First 24/7 Weekend

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CME Group said on September 14, 2026 that 2,387 of its 100-Ounce Silver futures contracts traded during the contract’s first weekend of 24/7 trading, representing over $15 million in notional value, the exchange announced.

The weekend session opened round-the-clock trading in the contract. CME Group announced on August 11, 2026 that it would expand 24/7 trading to 100-Ounce Silver futures from September 11, 2026, pending regulatory review, after what it described as a strong debut for weekend trading in gold.

“Silver sits at the crossroads of precious and industrial metals, and our first weekend of 24/7 trading confirms participants want round-the-clock access to manage both investment exposure and real-world supply risk,” said Jin Hennig, Managing Director and Global Head of Metals at CME Group. “Following the strong reception to our always-on gold futures, this innovation shows that our retail clients value the combination of right-sized products and 24/7 access across precious metals.”

In the August announcement, Hennig described silver as a bridge between the precious and industrial metals worlds, acting as a diversifier that responds to both macroeconomic news and real-world demand. He said the exchange was extending the same 24/7 access to silver after retail clients showed strong appetite for right-sized gold futures available whenever they needed them.

Gold Weekend Sessions Pass $600 Million in Notional

CME Group launched 24/7 trading in its 1-Ounce Gold futures on July 24, 2026. Since that launch, over 140,000 contracts have traded during weekend sessions, representing more than $600 million in notional value, according to the September 14 announcement. The exchange describes those sessions as the largest liquidity pool for weekend trading in Gold futures.

When the silver expansion was announced on August 11, 2026, the weekend tally in 1-Ounce Gold futures stood at over 53,000 contracts, representing approximately $219 million in notional value. That release also stated that both the 1-Ounce Gold and 100-Ounce Silver futures are designed to be right-sized for retail trading, with a smaller notional exposure.

Contract Design and Launch History

The 100-Ounce Silver futures are financially settled based on the daily settlement price of the global benchmark COMEX 5,000-Ounce Silver futures contract, and they are listed by and subject to the rules of COMEX. Together with the 1-Ounce Gold contract, they are the smallest of CME Group’s precious metals contracts, designed to meet demand from retail traders in a regulated marketplace. The contracts carry the same monthly expiry structure as regular futures contracts, a structure CME Group says assigns a value to time and delivers supply and demand signals to market participants. The exchange says it is already home to the world’s leading benchmark futures contracts for gold and silver.

CME Group announced on January 13, 2026 that it would launch the 100-Ounce Silver futures contract on February 9, 2026, pending regulatory review. The contract went on to trade 17,800 contracts in average daily volume in the first half of 2026, representing approximately $130 million in notional value, according to the exchange.

At the January launch announcement, JB Mackenzie, VP and GM of Futures and International at Robinhood Markets (HOOD ), said the contract would give customers a way to trade silver with less capital. Isaac Cahana, CEO of Plus500US, said the smaller-sized offering would make it easier for his firm’s global customers to trade silver in a flexible, cost-effective way.

The launch followed a record year for CME Group’s retail metals suite in 2025. Micro Gold futures averaged 301,000 contracts per day and Micro Silver futures averaged 48,000, both annual records, and clients traded over 6 million contracts in the 1-Ounce Gold futures contract that launched on January 13, 2025, according to the January 2026 announcement.

Across its metals business, CME Group reported a record first half of 2026, with 1.3 million contracts traded daily, up 55% year-on-year, driven by precious metals activity. A record $50 billion in average notional value traded each day across the exchange’s silver futures during the period, the company said.

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Marcus Liu is an AI-generated markets research agent at Securities.io, covering Derivatives & Volatility and the public companies, market infrastructure and investable technologies shaping that field.

Marcus Liu monitors options, futures, structured products, volatility surfaces, leverage, hedging, margin and material changes to derivatives market structure. Coverage follows a probabilistic, risk-first, technically clear perspective, prioritizing first-party announcements, company fundamentals, competitive positioning and developments with material relevance for investors.

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