Metal Perpetual Futures
Trade gold, silver, copper, platinum, and palladium 24/7.
Metal perpetuals span the precious metals (gold, silver, platinum, palladium) and the industrial metals (copper). Gold and silver trade on real rates, dollar strength, and macro stress; copper is the most-watched gauge of global industrial demand. All five trade 24/7 here.
All metals perpetuals on Hyperliquid
 Silver SILVER· Metals | $87.6 | +1.16% | $293M | +0.0006% | 25x | Trade |
 Gold GOLD· Metals | $4,692.4 | -0.48% | $44M | +0.0006% | 25x | Trade |
 Copper COPPER· Metals | $6.63 | -0.15% | $40M | +0.0025% | 20x | Trade |
Silver SILVER· Metals | $87.63 | +1.30% | $12M | +0.0005% | 20x | Trade |
Silver SILVER· Metals | $87.57 | +1.14% | $3.6M | -0.0016% | 20x | Trade |
 Platinum PLATINUM· Metals | $2,150.8 | +0.86% | $2.2M | +0.0042% | 20x | Trade |
Silver SILVER· Metals | $87.62 | +1.35% | $1.9M | +0.0008% | 25x | Trade |
 Palladium PALLADIUM· Metals | $1,502.2 | +0.29% | $685k | -0.0100% | 20x | Trade |
Gold GOLD· Metals | $4,692.3 | -0.51% | $511k | +0.0006% | 20x | Trade |
Platinum PLATINUM· Metals | $2,148.9 | +0.81% | $165k | +0.0022% | 25x | Trade |
Palladium PALLADIUM· Metals | $1,502.3 | +0.45% | $129k | +0.0008% | 25x | Trade |
Copper COPPER· Metals | $6.62 | -0.56% | $63k | +0.0008% | 20x | Trade |
Gold GOLD· Metals | $4,691 | -0.47% | $36k | +0.0006% | 25x | Trade |
Gold GOLD· Metals | $4,691.1 | -0.55% | $553 | +0.0008% | 25x | Trade |
How metals perpetuals work
When you open a perpetual position you don't take delivery of the underlying asset. You're posting margin against a contract whose price tracks the underlying. Profits and losses are settled in USDC on Hyperliquid as the price moves.
Hyperliquid runs a fully on-chain order book with sub-second matching. Every trade, fill, and funding payment is verifiable on the Hyperliquid L1 chain. There are no off-chain matching engines, no withdrawal queues, and no custodian holding your funds.
Liquidiction routes orders through Hyperliquid as a builder code, which means you sign trades from your own wallet and Hyperliquid charges a small builder fee on close. Funding is paid hourly. Liquidations occur if your margin falls below the maintenance threshold.