Binance Futures has launched a new XAGUSDT perpetual contract, enabling traders to take leveraged positions on silver prices with up to 50x leverage.
According to the contract details, the product went live on January 7, 2026, at 10:00 UTC.
The contract is USDⓈ-margined, meaning it uses Tether USDT as both the settlement and collateral asset, rather than physical silver or another cryptocurrency.
Contract Structure and Specifications
The XAGUSDT perpetual contract is designed to track the price of silver (XAG) while remaining fully cash-settled in USDT. Each contract represents one troy ounce of silver, priced in U.S. dollars.
Key specifications visible in the release include:
- Underlying asset: Silver (XAG)
- Settlement asset: USDT
- Maximum leverage: 50x
- Contract unit: 1 troy ounce of silver
- Funding settlement: Every four hours
- Trading hours: 24/7
Continuous Trading Model
As a perpetual contract, XAGUSDT does not have an expiry date. Instead, it relies on regular funding settlements every four hours to anchor its price to the underlying silver market. The 24/7 trading schedule allows continuous exposure to silver price movements outside of traditional commodity market hours.
Expanded Access to Commodities
With the introduction of the XAGUSDT perpetual contract, Binance Futures is expanding leveraged trading access to precious metals within its derivatives lineup, allowing traders to express views on silver using USDT as collateral.
