When Does SIL (Micro Silver Futures) Actually Move? Hourly Ranges on 5 minute Charts

Educational reference. Measured from 17,150 recorded 5 minute bars of Micro Silver through October 19, 2026.

09:00 is the busiest hour, averaging 0.1800 per bar — 4.0× 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 5 minute bar of Micro Silver, hour by hour, measured from 17,150 recorded bars over the last 90 days.

Hour (ET)	Median range	Bars
00:00	0.0600	745
01:00	0.1050	747
02:00	0.1100	751
03:00	0.1050	749
04:00	0.1000	749
05:00	0.0800	746
06:00	0.0800	744
07:00	0.0950	740
08:00	0.1400	751
09:00	0.1800	753
10:00	0.1700	748
11:00	0.1300	749
12:00	0.1000	747
13:00	0.0900	747
14:00	0.0800	741
15:00	0.0800	732
16:00	0.0500	727
17:00	0.0450	60
18:00	0.0550	685
19:00	0.0550	748
20:00	0.1000	748
21:00	0.1600	749
22:00	0.1150	749
23:00	0.0900	745

The spread across the day

The busiest hour is 09:00, averaging 0.1800 per bar. The quietest is 17:00 at 0.0450. That is a 4.0× 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 5 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.