SIZ6 - Silver Futures (December 2026)
Silver Futures December 2026 contract: COMEX Silver futures (SI): deliverable against 5,000-troy-ounce silver bars; the US silver pricing benchmark.
As of Oct 15, 2026: spot at $57.69, ATM IV 31.9%, max pain $65.00, net GEX -$67.6M.
- Sector
- Metals Futures
- Industry
- Metals Futures
- Exchange
- COMEX
SIZ6 Contract Specifications
- Contract Month
- December 2026
- Month Code
- Z (December)
- Root
- SI
- Underlying
- Silver Futures
- Exchange
- COMEX
- Contract Size
- 5,000 troy ounces of silver
- Point Value
- $5000 per dollar
- Tick Size
- $0.005 per troy ounce
- Tick Value
- $25.00 per tick
SIZ6 Settlement and Trading Hours
Settlement: Physically delivered to a COMEX-licensed vault; trading terminates on the third-last business day of the delivery month.
Trading hours: Globex Sunday-Friday 6:00 PM - 5:00 PM ET.
How SIZ6 Fits in the Futures Curve
SIZ6 is the December 2026 listing of the Silver Futures contract. Each listed expiration carries its own implied-volatility surface, term structure position, and basis to the underlying instrument. The front-month contract typically dominates volume and is the reference for options-on-futures pricing; back-month contracts price the term structure of the underlying's volatility and (for physically-delivered commodities) the carry between spot and forward.
What SIZ6 Looks Like to Options Traders Today
negative net gamma exposure (-$67.6M) means dealers hedge with trend, amplifying realized volatility and accelerating directional moves; the 25-delta skew (0.002) is roughly flat across the wings.
What This Page Covers
The SIZ6 overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks.
Frequently asked SIZ6 overview questions
- What is SIZ6?
- SIZ6 is the ticker symbol for Silver Futures (December 2026), a listed futures contract. Silver Futures December 2026 contract: COMEX Silver futures (SI): deliverable against 5,000-troy-ounce silver bars; the US silver pricing benchmark. Listed on COMEX. SIZ6 is the listed futures symbol shown on this page; futures traders use the contract for directional exposure, hedging the underlying instrument, and as the delivery instrument for options-on-futures structures.
- What does the SIZ6 options snapshot look like today?
- As of Oct 15, 2026, the SIZ6 options snapshot shows spot at $57.69, ATM IV 31.9%, max pain $65.00, net GEX -$67.6M, expected move 9.14%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are SIZ6's key statistics?
- Silver Futures (December 2026) (SIZ6) carries a December 2026 expiry on the COMEX-listed Silver Futures contract, with a $5000 per dollar point value. Full contract specifications including settlement convention, tick size, and curve term-structure context are on the contract reference block above. Options-on-futures pricing references these spec fields directly via the multiplier and exchange contract rules.
- What underlies the SIZ6 futures contract?
- SIZ6 is the December 2026 listing on the Silver Futures contract, traded on the COMEX. Each listed expiration carries its own implied-volatility surface, term-structure position relative to other listed months, and (for physically-delivered contracts) basis to the spot underlying. Front-month contracts dominate volume and serve as the reference for options-on-futures pricing; back-month contracts price the term structure of the underlying's volatility.
- How current is the SIZ6 data on this page?
- The options snapshot above is dated Oct 15, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Contract specifications come from the listing exchange (COMEX) and do not change over the life of the contract once listed. Options-on-futures data, when available, refreshes after each trading session. There is no equity-style FINRA reporting or sell-side analyst coverage for futures contracts.