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
 Gold GOLD· Metals | $4,197 | +0.00% | $0 | -0.4678% | 50x | Trade |
 Silver SILVER· Metals | $54.22 | +0.00% | $0 | -1.2787% | 50x | Trade |
 Copper COPPER· Metals | $4 | +0.00% | $0 | +0.0000% | 10x | Trade |
Gold GOLD· Metals | $4,141 | +0.00% | $0 | +0.0000% | 1x | Trade |
Gold GOLD· Metals | $4,540.4 | +3.22% | $0 | +0.0000% | 25x | Trade |
Silver SILVER· Metals | $75.28 | +0.00% | $0 | +0.0000% | 25x | Trade |
Copper COPPER· Metals | $6.39 | +0.00% | $0 | +0.0000% | 20x | Trade |
 Platinum PLATINUM· Metals | $1,926.3 | +0.00% | $0 | +0.0000% | 20x | Trade |
Gold GOLD· Metals | $4,309.4 | +0.00% | $0 | +0.0000% | 25x | Trade |
Silver SILVER· Metals | $79.2 | +0.00% | $0 | +0.0000% | 10x | Trade |
Gold GOLD· Metals | $4,130 | +0.00% | $0 | +0.0000% | 2x | Trade |
Silver SILVER· Metals | $51 | +0.00% | $0 | +0.0000% | 2x | Trade |
Gold GOLD· Metals | $4,000 | +0.00% | $0 | +0.0000% | 20x | Trade |
Silver SILVER· Metals | $387.19 | +0.00% | $0 | +0.0000% | 25x | Trade |
Gold GOLD· Metals | $4,983.9 | -0.15% | $0 | +0.0000% | 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.