The nearest expiration date for Silver Micro Futures is Apr 30, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Silver Micro Futures before Apr 30, 2025.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Silver Micro Futures this number is 10.31 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Silver Micro Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Silver Micro Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Silver Micro Futures technicals for a more comprehensive analysis.