Binance Futures, the derivatives arm of the world’s largest cryptocurrency exchange by trading volume, will launch perpetual silver contracts on Wednesday, allowing crypto traders to place leveraged bets on 2025’s rare precious metal.
Perpetual futures contracts, or “perps,” are derivatives that let traders bet on an asset’s price without owning it and without expiration dates, using funding rates, typically every few hours, to keep prices in line with spot markets. Their infinite duration, high leverage capabilities and 24/7 access have made them wildly popular in crypto, generating billions in daily trading volume across exchanges.
The contract, which is launched at 10:00 UTC, offers up to 50x leverage on silver priced in US dollars per troy ounce, allowing traders to control positions 50 times larger than their deposited margin and amplifying both gains and losses.
It is marginalized and tethered the world’s largest dollar-pegged stablecoin, with a minimum value of 5 USDT, the exchange said in an official announcement. Trading in these perpetual futures will attract a financing fee capped at ±2% every four hours.
The impending launch comes weeks after the exchange debuted perpetuals tied to gold and shows that crypto traders are increasingly diversifying into precious metals, which outperformed the crypto market by leaps and bounds last year.
Silver gained a staggering 147% in 2025 and at one point hit a record per ounce at $83.75. At the time of writing, it changed hands at $79.84. Gold rose more than 64% to $4,317, while bitcoin, the leading cryptocurrency by market capitalization, ended the year down more than 5%.
Both precious metals gained strength from financial and inflation concerns, with silver gaining extra momentum due to rising demand for solar panels and electronics.
The silver contract will be available for futures copy trading within 24 hours of launch, Binance said in the announcement. Multi-asset mode will also let traders use cryptocurrencies like BTC as margin collateral instead of just USDT, with haircuts applied to account for price volatility.
Binance is the first major exchange to offer perpetuities tied to silver, building on the trend pioneered by relatively smaller venues like MEXC and BTCC.
