Make more possible with Micro Metal futures

Micro Gold Micro SilverMicro Palladium




Meet Micro Gold, Silver, and Palladium futures, smaller contracts designed to make portfolios shine with possibility. Discover the benefits of futures to uncover new metals opportunities, diversify, or manage price risk – for a fraction of the upfront financial commitment.

Trade a slice of the most liquid Precious Metals futures

Get the same benefits as the world’s leading Precious Metals futures benchmarks, but for a smaller up-front initial margin.

Nearly 24-hour trading, no management fee, ability to short positions, and more.

WELCOME TO FUTURES
Diversify to help reduce overall portfolio risk

Having a mix of different investment types in a portfolio can help cushion against wide swings in key sectors during uncertain markets.

Many traders use metals like gold as a store of value when other markets (like equities) are turbulent.

PORTFOLIO DIVERSIFICATION
Help your investment go farther with leverage

Control a larger contract value with a smaller amount of money upfront – that’s the power of leverage inherent in futures.

Capital efficiency means you can enjoy potentially greater upside and lower trading costs compared to a basket of company stocks or ETFs.

POWER OF LEVERAGE
Gain pure market exposure

Futures offer straightforward exposure to underlying metals, avoiding the slippage and tracking errors that can come with ETFs and stocks.

Futures let you trade the cash value of set quantities (in oz) of gold, silver and palladium.

Benefits of Precious Metals futures vs ETFs

Get to know Micro Metals futures

Learn why you should consider Micro Metals futures as part of your trading strategy.

Contract specifications

Learn the contract details for trading our Micro Metals futures:

Micro Gold Micro Silver Micro Palladium
UNDERLYING MARKET Gold, a widely used precious metal Silver, a widely used precious metal Palladium, a precious metal often used as an alternative to platinum
CONTRACT SIZE 10 troy ounces 1,000 troy ounces 10 troy ounces
RATIO TO STANDARD CONTRACT 1/10 of COMEX Gold futures 1/5 of COMEX Silver futures 1/10 of NYMEX Palladium futures
MINIMUM TICK/ PRICE FLUCTUATION $0.10 per troy ounce $0.01 per troy ounce $0.10 per troy ounce
DOLLAR VALUE OF ONE TICK $0.10 per troy ounce $10 per contract $1 per contract
PRODUCT CODE MGC SIL PAM
SETTLEMENT Physical Physical Physical
TRADING HOURS Sunday – Friday 5:00 p.m. – 4:15 p.m. CT with a 45-minute break each day beginning at 4:15 p.m. CT

Trading Gold or other Metals ETFs? Why you should consider futures

See how futures compare to other trading instruments, such as exchange-traded funds (ETFs).

FUTURES ETFs
Management fees None. Futures have no annual management fees. ETFs often have annual management fees.
Capital efficiencies Futures margin is capital-efficient, with performance bond margins usually less than 5% of notional amount ** Reg T margins with stocks and ETFs are 50% of the value of the stock or ETF. This is far larger than futures.
Nearly 24-hour trading access Micro Metals futures are available to trade over 23 hours, five days a week While some firms offer after-hours trading, ETFs do not trade around the clock like futures
Tracking to underlying Trading Micro Metals futures will give you direct access to the underlying metal’s physical market and true price. Many metals ETFs use futures positions to provide underlying oil or natural gas market exposure.
When the metals futures roll approaches, gold, silver and palladium ETFs often lose some of their correlation to the underlying market, which can inflate your costs due to slippage
Possible tax advantages*** A profitable short-term trade using futures may be subject to less taxes than using an ETF, due to IRS Section 1256 treatment (60/40 blend of short- and long-term gains) Typically, short-term profits with ETFs pay ordinary income rates.

** Source: CME Group.

**** The information provided here should not be considered tax advice. Please consult your tax advisor before making any investment. Information provided can depend on holding period and time horizon.


Why Trade Futures?

Looking for new trading opportunities or more capital efficiencies in managing portfolio risk? See why futures may be right for you.

INTRO TO FUTURES

Webinar Archive: Micro Futures Overview

Watch Dan Gramza as he walks through what every stock trader should know about the CME Group suite of micro futures products.

As you get ready to start trading these smaller-sized futures contracts, find out everything you need to know.

In the webinar, Dan will share:

  • Compelling reasons to trade CME Group Micro futures
  • Contract specifications, margins, margin offsets and fungibility
  • Micro E-mini futures versus ETFs and why you should choose Micros and more