Silver Futures Profit Calculator
Calculate direction-aware gross and net silver-futures P/L from entered prices, whole contracts, contract ounces, tick size and round-turn cost. Audit tick alignment, compare five nearby exits and distinguish raw fee recovery from the first tick-aligned break-even price.
Enter the contract and completed price path
Choose a dated educational preset or enter the exact specification for your exchange product. All fields remain editable.
Entered silver futures result
Silver Futures Profit 2.0.0.
P/L calculation audit
Both the direct price-move route and the tick-value route must reconcile.
On smaller screens, scroll the table horizontally; the page itself remains contained.
| Step | Arithmetic | Result |
|---|
One-tick exit sensitivity
All inputs stay fixed while exit moves by −2, −1, 0, +1 and +2 entered ticks.
| Tick offset | Scenario exit | Signed move | Signed ticks | Gross P/L | Costs | Net P/L | Tick grid |
|---|
How the Silver Futures Profit Calculator works
Signed price movement = (exit − entry) × long/short factor
Gross P/L = signed movement × ounces per contract × whole contracts
Net P/L = gross P/L − entered round-turn cost × contracts
Raw break-even = entry ± (cost per contract ÷ ounces per contract)
The first tick-aligned break-even rounds the raw threshold upward for a long or downward for a short. It therefore shows the nearest entered tick price that recovers the modeled per-contract cost, not a guaranteed fill.
Audited SI worked example
One short SI example uses 5,000 troy ounces and a USD 0.005 outright tick, so one tick is USD 25 per contract. From USD 30.000 to USD 29.700, the favorable short move is USD 0.300 per ounce or 60 ticks. Gross P/L is USD 1,500.00; an entered USD 8.00 round-turn cost leaves USD 1,492.00 net entered P/L.
Fee recovery is USD 8 ÷ 5,000 oz = USD 0.0016 per ounce, so raw short break-even is USD 29.9984. The first entered tick at or below that threshold is USD 29.9950. The output is deterministic arithmetic, not an income claim.
Silver futures reference examples
These CME examples were checked on 22 August 2026. Always replace them when the exact product, venue, transaction type or current specification differs.
| Symbol | Contract quantity | Outright minimum increment | Derived tick value | Settlement note |
|---|---|---|---|---|
| SI | 5,000 troy ounces | USD 0.005 / oz | USD 25.00 | Physically deliverable benchmark example |
| SIL | 1,000 troy ounces | USD 0.005 / oz | USD 5.00 | Physically deliverable Micro Silver rulebook example |
| SIC | 100 troy ounces | USD 0.01 / oz | USD 1.00 | Financially settled 100-Ounce Silver example |
Assumptions and limits
- Only whole contracts are modeled; no fractional exchange contract is invented.
- Prices and tick size must share the same USD-per-troy-ounce quotation unit.
- The grid audit reports whether entered prices are multiples of the entered tick; it does not validate the exchange’s current tick.
- Only the entered round-turn cost is subtracted. Spread, slippage and every unentered charge remain excluded.
- Daily mark-to-market, margin calls, liquidation, expiry, delivery and tax are outside the model.
- Notional is not margin, cash at risk or maximum loss.
- The result is not an account statement, order, quote, price forecast, recommendation or financial advice.
A careful futures P/L workflow
- Identify the exchange, exact symbol and contract month.
- Verify ounces per contract and the outright price increment using current exchange evidence.
- Confirm whether prices are actual fills, settlements or hypothetical scenarios.
- Enter long or short, whole contracts and the same price quotation unit throughout.
- Use a verified round-turn cost or zero and keep omissions visible.
- Compare the arithmetic with the broker statement, including daily settlements and itemized charges.
Frequently asked questions
- Multiply direction-adjusted exit minus entry by entered troy ounces per contract and whole contracts, then subtract total entered round-turn costs.
- Multiply the entered minimum price increment by entered troy ounces per contract. A USD 0.005 increment on the 5,000-ounce SI example equals USD 25 per tick.
- The dated examples use 5,000 troy ounces for SI, 1,000 for SIL and 100 for SIC. Every field is editable; verify the exact current contract, transaction type and month yourself.
- The raw fee threshold can fall between valid ticks. The calculator rounds upward for a long or downward for a short to show the first entered tick price that recovers modeled cost.
- Yes. Short arithmetic treats an exit below entry as favorable and an exit above entry as unfavorable. Break-even rounding follows the short direction.
- It checks whether entry and exit are multiples of the tick size you entered. It does not verify that the tick size is current or correct for the product.
- No. It subtracts only the entered round-turn cost. Unentered spread, slippage, exchange, clearing, brokerage, data, financing and tax amounts remain excluded.
- No. Notional is entered price times contract ounces times whole contracts. Margin, maximum loss, account outcome and future price are separate and are not calculated.
Sources and methodology
- CME Group — Calculating Futures Contract Profit or Loss — explains the tick-value and whole-position P/L identities.
- CME Group — Silver Futures contract specifications — identifies the SI quantity and outright increment.
- COMEX Rulebook Chapter 121 — Micro Silver Futures — identifies the SIL quantity and current rulebook price increments.
- CME Group — 100-Ounce Silver Futures fact card — identifies the SIC quantity, tick and financial settlement.
- CFTC — Basics of Futures Trading — describes retail futures risk and obligations.
The SIL preset follows the current COMEX Chapter 121 rulebook checked on 22 August 2026. Other CME educational pages display different historical increments, so the exact live contract and transaction type must be verified before use. The operational contract is Silver Futures Profit version 2.0.0. Independent fixtures cover long and short direction, SI/SIL/SIC tick identities, fee-aware break-even rounding, five exit scenarios, off-grid detection and invalid inputs.
Continue the silver and futures workflow
Compare broker metal products separately
The brokers below primarily offer leveraged forex or CFD products, not the COMEX futures examples on this page. Verify each broker’s own symbol, contract size, lot step, margin, spread, commission and financing terms.
Risk and affiliate disclosure: Futures, leveraged forex and CFD trading can result in substantial losses, potentially beyond the initial deposit. These are affiliate links, so ForexMT4Indicators.com may receive compensation if you register or trade through them, at no additional cost to you. Availability and terms vary by jurisdiction and entity.