Silver Futures (SILVER) perpetual market on Hyperliquid

Silver Futures (SILVER) Price on Hyperliquid

SILVER-PERP via trade.xyz · HIP-3 Commodity · Live Chart, Funding Rate & Contract Specs
Concept211
Reviewed by Concept211 · EntropyGuides editorial team
Building trading bots since 2016, trading on Hyperliquid since February 2024. Trades perpetuals on Hyperliquid daily, builds automated trading bots on the Hyperliquid API, and tests every market against the live trade.xyz interface before publishing.
Last reviewed:
$69.547+2.38%

Auto-refreshes every 30s · Max leverage: 25x

24h Volume
$159.31M
Open Interest
$135.43M
1,947,264.94 SILVER
Funding Rate (1h)
+0.0006%
Annualized: +5.48%
Mark vs Oracle
-0.0201%
Premium

Source: live price, 24h volume, open interest, and funding-rate data from the official Hyperliquid API (trade.xyz HIP-3 oracle feed), refreshed every 30 seconds.

Quick Summary — What is SILVER on Hyperliquid?

SILVER (Silver Futures) on Hyperliquid is a cash-settled HIP-3 perpetual futures contract deployed via the trade.xyz builder. It is a commodity perpetual — not a token — and tracks the Silver Futures price feed with continuous hourly funding settlements. There is no expiry date and no physical delivery: positions roll forever. All margin is denominated in USDC, and you can open positions with up to 25x leverage. As of May 2026, SILVER perpetuals on Hyperliquid offer 24/7 trading (including weekends and holidays when traditional commodity markets are closed), no KYC requirement, full self-custody via your own wallet, and zero gas fees on every order. Base fees are 0.09% taker and 0.03% maker (per Hyperliquid's HIP-3 builder-market fee schedule) — slightly higher than native Hyperliquid perps because a portion routes to trade.xyz as the HIP-3 builder. Live price, funding, and 24h volume on this page are pulled from the Hyperliquid API.

SILVER on Hyperliquid at a Glance

SILVER-PERP contract specification on Hyperliquid, as of . Leverage and market type are read from the Hyperliquid API's market metadata; fees are Hyperliquid's published HIP-3 builder-market fee schedule; the underlying price is referenced through the trade.xyz oracle.
UnderlyingSilver Futures (Commodity)
Market typeHIP-3 perpetual future via trade.xyz
Max leverage25x
Maker fee0.03%
Taker fee0.09%
Funding intervalHourly
Margin & settlementUSDC — cash-settled, no expiry
Trading hours24/7, including weekends & holidays
Silver Futures price · trade.xyz
Loading Silver Futures chart…

Live SILVER candles from the Hyperliquid API. Ready to trade? Get a 4% fee discount.

How to Trade Silver Futures (SILVER) on Hyperliquid

Silver is a hybrid precious-and-industrial metal — a monetary store of value and a critical input to solar panels, electronics, and EVs. Trade silver perpetual futures 24/7 on Hyperliquid via trade.xyz.

SILVER is a cash-settled perpetual futures contract on Hyperliquid, deployed via trade.xyz as a HIP-3 builder market. Unlike traditional futures, there is no expiry date and no physical delivery — positions roll continuously with funding rates settling every hour. All margin is denominated in USDC, and you can trade with up to 25x leverage.

HIP-3 markets extend Hyperliquid beyond crypto, bringing equities, commodities, and indices on-chain with 24/7 trading, no KYC, and the same on-chain order book infrastructure that powers Hyperliquid's native perpetuals.

How a SILVER HIP-3 perpetual on Hyperliquid works: real-world asset to deployer oracle feed to on-chain CLOB matching to USDC-margined settlement
The lifecycle of a HIP-3 real-world-asset perpetual — from underlying price feed to USDC settlement on HyperCore.

Why Trade SILVER on Hyperliquid?

Silver is the higher-beta cousin of gold, and the reason to trade it on its own contract is that it answers to two demand stories at once — monetary and industrial. Like gold it catches a flight-to-safety and real-yield bid, but roughly half of silver demand is industrial (solar photovoltaics, electronics, EVs), so it also trades on the global manufacturing cycle and the green-energy build-out. That dual exposure is why silver routinely moves more than gold in percentage terms and why the gold/silver ratio is itself one of the most-watched pair trades in commodities — when the ratio stretches to an extreme, traders rotate between the two metals. Traditional silver futures (COMEX SI) need a futures broker, expire monthly with roll mechanics, and stop trading on weekends; SILVER-PERP on Hyperliquid via trade.xyz is a perpetual referencing the spot silver oracle — no expiry, no roll, hourly funding, and continuous USDC-settled access. For a crypto-native trader that means you can run a long-silver / short-gold (or the reverse) ratio trade in the same wallet and margin account as your GOLD-PERP and crypto perps, and react to a weekend macro shock immediately. KYC-free with up to the leverage cap shown on the market page, it delivers exposure that would otherwise require a CME-cleared futures account or a CFD broker.

SILVER Contract Notes & Catalysts to Watch

SILVER-PERP tracks the spot silver price via the trade.xyz oracle with hourly funding, so the contango or backwardation roll embedded in COMEX futures does not apply. Watch the same macro drivers as gold — FOMC, US CPI, real yields, and flight-to-safety triggers — plus industrial-demand signals (solar installation data, manufacturing PMIs) that gold ignores. The gold/silver ratio is the key relative-value lens: silver tends to outperform gold in risk-on metal rallies and underperform in pure fear bids. Silver is more volatile than gold, so position sizing and the funding cost of leverage matter more.

Related markets: gold perps.

New to trading commodity perpetuals on-chain? Our guide to the HIP-3 deployers walks through the mechanics — oracle pricing, hourly funding, USDC margin, no expiry — and compares HIP-3 commodity perps against ICE/CME futures and CFD brokers.

Key Market Facts

Leverage read from the Hyperliquid API; fee figures from Hyperliquid's published HIP-3 builder-market fee schedule.

Contract TypePerpetual Future (HIP-3)
Max Leverage25x
SettlementUSDC
Taker Fee0.09%
Maker Fee0.03%
Buildertrade.xyz
Funding IntervalHourly (continuous)
Market CategoryCommodity

Frequently Asked Questions

How do I trade SILVER on Hyperliquid?

SILVER is available as a HIP-3 perpetual future on Hyperliquid, deployed via trade.xyz. You can trade it the same way as any other perp - deposit USDC, select the market, and open a position with up to 25x leverage.

What are the fees for SILVER on Hyperliquid?

HIP-3 builder markets charge 0.09% taker fee and 0.03% maker fee. These are slightly higher than native perps because a portion goes to the builder (trade.xyz) who deployed the market.

Can I trade SILVER 24/7 on Hyperliquid?

Yes. Unlike traditional commodity markets that have set trading hours, SILVER perpetual futures on Hyperliquid trade around the clock - 24 hours a day, 7 days a week, including weekends and holidays.

How we source and review this market data

Data collection. Live SILVER price, funding rate, open interest, and 24h volume are pulled directly from the Hyperliquid API on every page load and cross-checked against the live trade.xyz interface, which is where SILVER-PERP is deployed as a HIP-3 builder market. Numbers shown are unedited machine values from those feeds — we do not hand-adjust prices or rates.

Editorial review. The trading context on SILVER-PERP — catalysts, contract specs, and the “why trade this” analysis — is written and reviewed by Concept211, an active Hyperliquid trader since February 2024 who trades perpetuals daily and builds automated bots on the Hyperliquid API. Each market is checked against the live trade.xyz interface before publishing.

Last reviewed. . Contract specs and catalysts are re-checked on a rolling basis; live data refreshes automatically. Read the full editorial methodology for how figures are sourced, verified, and corrected.

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Where the figures come from. Live SILVER price, funding rate, open interest and 24h volume are read from the Hyperliquid API, the same public endpoint the exchange serves its own front end from, and cross-checked against the live trade.xyz interface where SILVER-PERP is deployed. Figures refresh on every page load and again every 30 seconds while the page is open, so any number quoted from this page is a point-in-time reading rather than a daily close. Contract specifications and editorial context were last reviewed ; this page has been published since 2026.

Reuse. You may republish these figures with attribution and a link to entropyguides.com/markets/xyz/silver.

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