Is this physical silver?

No — it's a perpetual futures contract that tracks the Silver spot price. You earn or lose as the price moves, but there is no metal to store, insure or deliver.

Can I trade SILVER without KYC?

Yes. Hyperliquid is a decentralized exchange, so there is no account and no identity check — you trade from a self-custody wallet. Dexly is a non-custodial interface and never holds your funds.

Can I trade Silver after hours or on weekends?

Yes — that's the point. The SILVER perpetual trades continuously, including the weekend window when traditional metals markets are closed.

Leverage. If the price moves far enough against a leveraged position, it gets liquidated and the margin behind it is gone. Funding payments also accrue while a position is open. Size positions accordingly.

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Silver (SILVER)

the SILVER price, trading on-chain around the clock

Silver trades like gold’s high-beta sibling: the same macro drivers, roughly twice the swing. It ran from around $30 to above $50 in a year, and each leg of that move liquidated someone — direction matters here.

Trade SILVER now

No brokerage account
No KYC
24/7 markets
Long or short
Self-custody

Live on Hyperliquid

$58.29+1.06%

xyz:SILVER · USDC

24h

24h volume

$53M

Open interest

$1.6M

Funding rate

0.0003%

Max leverage

25x

Proof of 24/7

The day that never closes

The last 24 hours of the Silver price. Scroll — the cursor sweeps the day; the line keeps moving while traditional markets are closed.

Nasdaq opens

9:30 AM ET

Nasdaq closes

This line keeps going

last 24h · $57.73–$58.90

Can you trade Silver on-chain?

Yes. Hyperliquid runs a perpetual (xyz:SILVER) that follows the Silver spot price via an oracle, and Dexly is the interface for trading it from your own wallet. No brokerage account, and the market doesn't close at 4pm. What you trade is the price — the contract is not physical metal.

The trade

What exactly are you trading?

A perpetual futures contract that follows the Silver spot price through an oracle. Your profit and loss come from the price moving — nothing else. You don't hold metal or pay for storage. What you get instead is a market that trades through nights and weekends, takes a short as easily as a long, and settles against collateral that never leaves your wallet.

Why on-chain

What this market does that a brokerage can’t

No account to open

Connect a wallet and trade. There is no application, no ID upload, no waiting for approval.

No weekend gap risk

Traditional metals markets close Friday and reopen Sunday with a gap. This order book never closes, so you can react in between.

Short without asking

No margin-account approval, no locates, no borrow fees. Down is a direction, not a privilege.

Your money stays yours

Collateral sits in your own wallet until a trade settles on-chain. No broker holds the balance.

Set up in minutes

Trading Silver on Dexly, in three steps

Fund a wallet with USDC

Any self-custody wallet works. USDC on Arbitrum is the collateral for every position.

Open the SILVER market

Connect on dexly.trade or in the app and search SILVER — the live Silver order book opens.

Set the trade and let it run

Pick a side, size it, set leverage. Take-profit and stop-loss watch the position so you don’t have to.

Trade SILVER now

Pronto?

Fai trading su Hyperliquid con Dexly

Perps, spot, copy e mercati predittivi in una app veloce e in auto-custodia. Scarica Dexly su iOS e Android e inizia in pochi secondi.

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Scansiona per scaricare

Silver — FAQ

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Dexly is an independent, non-custodial interface for the public Hyperliquid protocol and is not affiliated with Hyperliquid Labs or with the companies named on this page. Perpetual futures are leveraged derivatives and involve significant risk. Nothing on this page is investment advice.