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Mini Silver IB Issue
Updated December 3, 2020
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Rebelgt13
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muttoez
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#1 (permalink
Charlotte north Carolina
Experience: None
Posts: 10 since May 2020
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Long time reader, first time poster...overnight from IB saying they were no longer supporting Mini Sized NY Silver and Gold Futures. That's fine for gold since I already use /MGC, but is anyone aware of another mini-silver product or maybe there is one being developed?IBKR will no longer support trading in these contracts due to low open interest, which results in difficulty in closing out positions in these physically delivered products. Contracts that are currently listed for trading will be placed in "closing only" and no additional contracts will be added. "
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#2 (permalink
Legendary Market Wizard
Houston, TX
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little GE, GC, SI & Bitcoin
Posts: 3,959 since Dec 2013
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Isn't SIL a micro silver? (1000oz vs QI/Emini 2500oz & SI 5000oz)
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#3 (permalink
Sydney + Australia
Experience: Advanced
Platform: CSI / Sierra Chart
Broker: IB
Trading: Everything
Posts: 505 since Mar 2016
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I trade the 1,000oz micro SIL contract at CME .
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#4 (permalink
Charlotte north Carolina
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Posts: 10 since May 2020
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Thank you both - yes I was referring to the micro Silver contract at IB.
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#5 (permalink
Charlotte north Carolina
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muttoez
I trade the 1,000oz micro SIL
contract at
CME .
At IB the symbol is SI and you need to change the multiplier from 5,000 to 1,000.
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#6 (permalink
Sydney + Australia
Experience: Advanced
Platform: CSI / Sierra Chart
Broker: IB
Trading: Everything
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Rebelgt13
Is there a way to actually change the multiplier in IB for /SI? I figured it was just a set
contract amount
contracts . For silver they use SI for both the regular SI contract and the micro SIL contract.
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#7 (permalink
Legendary Market Wizard
Houston, TX
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little GE, GC, SI & Bitcoin
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That sounds safe!
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#8 (permalink
Charlotte north Carolina
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Posts: 10 since May 2020
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muttoez
For a small number of markets IB uses the same symbol for the big and mini/micro
contracts . For silver they use SI for both the regular SI
contract and the micro SIL contract.
The multiplier can be changed on the contract selection screen using the drop down.
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#9 (permalink
Detroit, MI
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I trade SIL w/TDA.
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#10 (permalink
New York New York
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Quoting
For a small number of markets IB uses the same symbol for the big and mini/micro
contracts . For silver they use SI for both the regular SI
contract and the micro SIL contract.
The multiplier can be changed on the contract selection screen using the drop down.
Last Updated on December 3, 2020
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