Silver Futures Profit Calculator
Calculate entered gross and net silver-futures profit or loss from whole contracts, contract ounces, minimum price increment, direction, entry, exit and round-turn cost.
Enter the silver futures contract and price path
The Standard Silver educational preset uses the cited 5,000-troy-ounce contract and USD 0.005 outright price increment. Replace both fields whenever the exact product or venue differs.
Entered silver futures result
Entered Metals Futures Contract Math 1.0.0
| Calculation step | Entered arithmetic | Derived result |
|---|
How silver futures profit and loss is calculated
Signed price movement = (exit price − entry price) × direction factor
Gross P/L = signed price movement × ounces per contract × contracts
Net entered P/L = gross P/L − entered round-turn cost per contract × contracts
CME Group’s cited Silver Futures fact card specifies 5,000 troy ounces for SI and an outright minimum fluctuation of USD 0.005 per troy ounce. That combination produces USD 25 per tick per contract. Smaller silver products exist, but they must use their own current quantity and increment rather than an SI multiplier.
The price-direction step is symmetrical. A short position benefits arithmetically when the entered exit is below the entered entry, while a long position benefits when the entered exit is higher. Losses remain negative; the calculator never converts an unfavorable path into an absolute positive number.
Net entered P/L subtracts one nonnegative round-turn cost per contract. This makes the assumption visible, but it is not a fee schedule. Contract month, clearing route, membership, broker, market data and order execution can change the actual amount.
A careful silver futures P/L workflow
Silver products can differ materially in contract quantity and increment, so verify each field for the exact symbol.
- Confirm the exchange, exact symbol and contract month rather than relying on the word “silver.”
- Verify whether the calculation uses an outright, spread or settlement increment.
- Enter the contract’s troy ounces and its quoted USD price increment from the same specification.
- Choose long or short and enter actual or clearly hypothetical prices in USD per troy ounce.
- Enter the complete round-turn cost per contract only when verified; otherwise use zero and label the result gross-only.
- Reconcile the calculation with fills and the broker statement before treating it as account P/L.
Audited worked example
One entered SI contract uses 5,000 troy ounces and a USD 0.005 minimum price increment, creating USD 25 per tick. A short entered at USD 30.00 and exited at USD 29.70 has a favorable USD 0.30 movement, or 60 ticks. Gross P/L is USD 1,500. After an entered USD 8 round-turn cost, net entered P/L is USD 1,492.
How to interpret it
USD 1,492 is a large result because a 5,000-ounce contract multiplies a 30-cent move by 5,000. It is not a profit promise. The same multiplier enlarges losses when price moves against the entered direction, and leverage, margin calls or liquidation can affect the account before an entered exit is reached.
Futures contracts, spot CFDs and physical bullion use different units
These three product types can reference the same metal price while producing different monetary arithmetic. An exchange futures contract uses a standardized contract quantity and minimum price increment. An XAUUSD or XAGUSD CFD uses the broker’s lot and contract specification. Physical bullion uses owned fine-metal quantity plus premiums and sale costs.
| Product type | Sizing unit | Primary multiplier | Separate evidence needed | Use this family? |
|---|---|---|---|---|
| Exchange futures | Whole contracts | Exchange units per contract | Symbol, month, tick, fees, margin and delivery/settlement | Yes |
| Spot or CFD metal | Broker lots | Broker ounces per lot | Server symbol, lot step, margin mode, spread and financing | No—use XAUUSD/XAGUSD tools |
| Physical bullion | Fine troy ounces | Owned metal content | Fineness, premium, custody and buy-back terms | No—use bullion tools |
Never copy a 100-ounce futures multiplier into a broker CFD merely because both reference gold. Verify the exact product before using any result.
Assumptions and limits
- The page retrieves no current futures quote, settlement, contract month or exchange notice.
- Only the cited SI example is preset; all product specifications remain user-verifiable inputs.
- Price-grid alignment and differing outright, spread or settlement ticks are not enforced.
- No margin, variation settlement, liquidation, delivery, assay or warehouse process is modeled.
- Unentered spread, slippage, fees, data costs, currency conversion and tax are excluded.
- The output is not an exchange record, account statement, future-price forecast, recommendation or financial advice.
Where to verify futures inputs
Start with the current exchange product page and rulebook for the exact symbol and contract month. Confirm contract quantity, quotation unit, minimum outright price increment, settlement type and termination date. Then compare the broker’s enabled symbols, commission and fee schedule, margin requirement and account permissions. Exchange margin and broker-required margin can differ and can change.
Record whether prices are actual fills, daily settlements or hypothetical scenario values. Actual account P/L can include daily mark-to-market, spread, slippage, exchange and clearing charges, brokerage commission, market-data costs, currency effects and tax. The single cost field is deliberately visible so omissions are not disguised as a universal net result.
The CFTC describes commodity futures as volatile, complex and risky, and notes that customers can lose all their money and may owe more than their initial investment. That is why these pages keep notional, modeled stop loss, margin and account outcome conceptually separate.
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.
- The cited 5,000-ounce SI example and USD 0.005 outright increment produce USD 25 per tick per contract. Different products or transaction types can differ.
- Silver futures products can control materially different troy-ounce quantities. The product name alone is not enough to calculate monetary movement.
- Yes. In short mode, a lower entered exit produces positive signed movement and a higher exit produces negative signed movement.
- No. It is an editable educational example, not a live specification. Verify the exchange and broker details for the exact symbol and month.
- No. Product rules may state different increments for different transaction types. Enter the increment that applies to the calculation being reviewed.
- No. Margin, daily mark-to-market, buying power and liquidation are account processes outside this entered price-path calculation.
- No. The result is explanatory arithmetic and must be reconciled with actual fills, fees, statements and contract rules.
Sources and methodology
- CME Group — Calculating Futures Contract Profit or Loss — Explains tick value, tick movement and whole-position P/L arithmetic.
- CME Group — About Contract Notional Value — Defines contract unit × futures price as notional value.
- CME Group — Gold Product Overview — Identifies cited 100-ounce GC and 10-ounce MGC examples and their tick values.
- CME Group — 1-Ounce Gold Futures Fact Card — Identifies the one-troy-ounce quantity and USD 0.25 tick example.
- CME Group — Silver Futures and Options Fact Card — Identifies the cited SI 5,000-ounce contract and USD 0.005 outright increment.
- CFTC — Futures Market Basics — Regulator explanation of futures contracts and retail risk.
The operational contract is Entered Metals Futures Contract Math version 1.0.0. Independent fixtures cover long gold, short silver, fixed and percentage risk, tick identities, whole-contract flooring, below-one-contract capacity and invalid inputs. Sources support method and example specifications; they do not endorse this site, verify user inputs or turn the output into an exchange record.
Continue the contract-planning workflow
Compare broker metal products separately
The brokers below primarily offer leveraged forex or CFD products rather than the COMEX futures examples used in this calculator. If you compare a broker’s XAUUSD or XAGUSD product, use the broker’s own contract size, lot step, tick, margin, spread, commission and financing terms; do not reuse an exchange-futures preset.
Risk and affiliate disclosure: Futures, leveraged forex and CFD trading can result in substantial losses. 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.