CME to launch 100-ounce silver futures as the metal hits record highs

CME’s new contract will be financially settled against the COMEX benchmark price and is aimed at expanding access for both institutional and retail market participants. According to Jin Hennig, CME’s global head of metals, interest in silver has surged as investors look for ways to diversify risk amid geopolitical instability and the accelerating shift to green energy.

The launch comes during an unprecedented market rally. In 2025, silver climbed 145%, and in just the first trading days of 2026 it gained more than 20% more. Gold has also broken records, crossing above $4,624 per ounce.

Analysts link the rally in precious metals to heightened global tensions. Conflicts involving the U.S., Venezuela, and Iran have increased demand for safe-haven assets, driving a sharp rise in interest in both silver and gold. These assets continue to set new highs as investors move away from risk.

CME is reporting record metals activity. In 2025, average daily volume reached 301,000 contracts for Micro Gold and 48,000 for Micro Silver. The new 1-ounce gold contract, launched in January 2025, has already surpassed 6 million contracts traded.

The introduction of the new silver futures contract expands CME’s product lineup and strengthens its position as a key venue for precious-metals trading amid surging demand.

Market participants expect the 100-ounce contract to add liquidity and broaden the use of silver as both a hedging and speculative instrument. With volatility rising sharply and prices at record levels, interest in standard and micro contracts continues to grow.