When Does SIL (Micro Silver Futures) Actually Move? Hourly Ranges on 15 minute Charts

Educational reference. Measured from 5,870 recorded 15 minute bars of Micro Silver through October 7, 2026.

09:00 is the busiest hour, averaging 0.3375 per bar — 3.6× the quietest hour at 17:00.

The same stop is a different stop at different times of day. This is the median high to low range of a single 15 minute bar of Micro Silver, hour by hour, measured from 5,870 recorded bars over the last 90 days.

Hour (ET)	Median range	Bars
00:00	0.1250	255
01:00	0.1850	255
02:00	0.2150	256
03:00	0.1875	256
04:00	0.1925	256
05:00	0.1500	255
06:00	0.1500	256
07:00	0.1700	256
08:00	0.2450	256
09:00	0.3375	256
10:00	0.3175	256
11:00	0.2600	256
12:00	0.1950	255
13:00	0.1750	256
14:00	0.1500	255
15:00	0.1500	251
16:00	0.1100	252
17:00	0.0950	62
18:00	0.1150	192
19:00	0.1000	256
20:00	0.1850	255
21:00	0.3000	256
22:00	0.2200	256
23:00	0.1900	255

The spread across the day

The busiest hour is 09:00, averaging 0.3375 per bar. The quietest is 17:00 at 0.0950. That is a 3.6× difference across the same instrument, the same timeframe, the same trading day.

A stop sized for 17:00 conditions will be caught routinely at 09:00, and a stop sized for 09:00 gives away far more than it needs to overnight. The same number of points does not mean the same thing at every hour.

How this was measured

Every 15 minute bar of Micro Silver recorded in the last 90 days was grouped by the hour it opened, in Eastern time. The figure shown is the median of high minus low within each group — the middle bar of that hour, not the average, so a single outlier session cannot distort it. Hours with fewer than 60 recorded bars are omitted rather than shown on thin evidence.

These are recorded market ranges, not predictions. Nothing on this page is a projection.