Silver (SI) May (K) contract study: year-by-year results, the day-by-day shape of the move and where highs and lows printed.
Contract Almanac · Silver (COMEX)
Every May silver contract 2011–2026, measured over its tenure as the lead contract · Typically leads Feb 26 – Apr 27
The May contract takes silver’s board in late February, right where the winter rally has historically peaked, and its file is the hangover ward: 6 of 16 higher with a −4.2% median. It also contains the most famous silver tenure of the modern era, the 2011 seat that rode the metal’s run toward $50, up 48.9%, weeks before the crash that defined a decade.
Each year is one contract, measured from the open of the day it took over the lead to the close of the day it handed off, the same roll convention used across all Traders Brief research. A silver contract holds the lead for roughly two months, and the March and December contracts closer to three, so tenures run 40 to 70 trading days, far longer than an energy tenure — these are seats, not months, and the day counts read accordingly. All highs and lows are the contract’s own trades, marked by trading day of the tenure, not calendar day.