Live SILVER Perpetual Futures Price
SILVER perpetual futures (perps) trade 24/7 on Phoenix, a fully on-chain order book exchange on Solana. As of October 26, 2026, SILVER trades at $54.119 with $61,891 in open interest. Fees are 0.035% taker and 0.005% maker, and you can use USDC or SOL as collateral.
- Oracle price
- $54.069
- 24h high
- $54.426
- 24h low
- $53.093
- 24h volume
- $24,901
- Open interest
- $61,891
- 1h funding
- +0.0031%
SILVER mark price, last 24 hours
SILVER contract specifications
- Contract type
- Perpetual futures, no expiry
- Margin and settlement
- USDC
- Maximum leverage
- 25x
- Margin mode
- Isolated only
- Taker fee
- 0.035%
- Maker fee
- 0.005%
- Trading hours
- 24/7
- Closed-market price bound
- 4%
SILVER trades 24/7 on Phoenix. When the underlying market is closed, Phoenix prices SILVER from its own order book using Impact Pricing, within 4% of the last external price. Parameters are set per market and can change. See all market parameters
SILVER funding rate
- 1 hour
- +0.0031%
- 8 hours
- +0.0249%
- Annualized
- +27.27%
The rate is positive: traders holding long SILVER positions pay traders holding short positions. Funding settles every hour. The 8-hour and annualized figures extend the current hourly rate and are not forecasts.
Open interest is the notional value of SILVER positions still open on Phoenix. 24h volume is the notional value traded over the last 24 hours.
SILVER perpetuals questions
What is the SILVER perpetual price right now?
The Silver perpetual price on Phoenix is $54.119, a change of +0.07% over the last 24 hours. It's the mark price of the SILVER perpetual, which can differ slightly from Silver prices quoted elsewhere.
Can I trade SILVER perpetuals on Solana?
Yes. SILVER perpetuals trade on Phoenix, a fully on-chain perpetuals exchange on Solana. Connect a Solana wallet or sign in with email, deposit USDC or SOL, and trade SILVER 24/7.
What is the SILVER funding rate right now?
The SILVER funding rate on Phoenix is +0.0031% per hour, or +27.27% annualized. A positive rate means longs pay shorts, and a negative rate means shorts pay longs. Funding settles every hour.
What is SILVER open interest on Phoenix?
SILVER open interest on Phoenix is $61,891, with $24,901 traded over the last 24 hours.
What are the fees to trade SILVER perpetuals?
Trading SILVER perpetuals (perps) on Phoenix costs 0.035% for taker orders and 0.005% for maker orders, based on matched notional.
Can I use SOL as collateral to trade SILVER?
Yes. Phoenix accepts USDC and native SOL as collateral, and SOL counts toward margin at up to 80% of its value, so you can trade SILVER without selling your SOL. Profit and loss settle in USDC.
Can I trade SILVER when its market is closed?
Yes. SILVER trades 24/7 on Phoenix. When the underlying market is closed, Phoenix prices SILVER from its own order book, within 4% of the last external price.
Do SILVER perpetuals expire?
No. SILVER perpetuals have no expiry date. A position stays open until you close it or it is liquidated, unless the market itself is settled or delisted under its listing terms.
How does Phoenix decide SILVER liquidations?
Phoenix uses the mark price, not the last trade, to check account health and trigger SILVER liquidations. The mark price is the median of an adjusted oracle price, the Phoenix order book price and the oracle price plus a smoothed average of the order book's gap to it, which reduces the risk of liquidations caused by a brief price spike.
Where can I see SILVER order book depth and price history?
The SILVER trade screen on Phoenix shows the live order book, recent trades and an interactive chart. Developers can stream the same data through the Phoenix API, the Rise SDK and the Vulcan CLI.
