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MCX:SILVER 

MCX:SILVER
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MCX:SILVER Long Term Analysts Rating
0/5 (0 Ratings)
MCX:SILVER Price *
46,973 +38 (0.08%)
* (quote may be delayed)

Find answers to all your questions on live MCX:SILVER message board: Is MCX:SILVER buy or sell? Should I buy MCX:SILVER shares? Why are MCX:SILVER shares falling? Should I invest in MCX:SILVER stock?


MCX:SILVER Discussion Forum

@lov • Reputation: 2,557
no one knows in MCX-SILVER
Today Silverm will touch 46700

Low
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@mohan-B1lZEEB1E • Reputation: -64,098
SILVERM 28FEB20 FUT

Type
Sell
Instrument
SILVERM 28FEB20 FUT
Entry Price
₹47,192
Price@Trade
₹47,199
Target Price
₹46,850
Stop Price
₹47,500
Valid Till
Feb 28, 2020 11:45 PM
Margin
₹13,903.19 approx for 5 Qty
Status
Active
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Reply (1)
Latest replies
TrackerBot @trackerbot
Yesterday 4:20 AM

Update
Trade Entered
Entry Price
₹47,192
@mohan-B1lZEEB1E • Reputation: -64,098
SILVERM 28FEB20 FUT

Type
Sell
Instrument
SILVERM 28FEB20 FUT
Entry Price
₹47,169
Price@Trade
₹47,174
Target Price
₹46,750
Stop Price
₹47,500
Valid Till
Feb 28, 2020 11:45 PM
Margin
₹13,903.44 approx for 5 Qty
Status
Active
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Reply (1)
Latest replies
TrackerBot @trackerbot
Yesterday 4:18 AM

Update
Trade Entered
Entry Price
₹47,169
@yuvi • Reputation: 64

If you need money from credit card www.smartlearnearn.com
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SILVER 05MAR20 FUT

Type
Buy
Instrument
SILVER 05MAR20 FUT
Entry Price
₹47,286
Price@Trade
₹47,286
Target Price
₹48,500
Stop Price
₹46,500
Valid Till
Jan 27, 2020 11:45 PM
Margin
₹83,428.25 approx for 30 Qty
Status
Validity Over
Exit Price
₹47,019
Net P&L
-9.6% Loss
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Reply (1)
Latest replies
TrackerBot @trackerbot
32 minutes ago

Update
Validity Over
Exit Price
₹47,019
Net P&L
-9.6% Loss
SILVER 05MAR20 FUT

Type
Buy
Instrument
SILVER 05MAR20 FUT
Entry Price
₹47,273
Price@Trade
₹47,273
Target Price
₹51,000
Stop Price
₹46,000
Valid Till
Mar 5, 2020 11:45 PM
Margin
₹83,423.38 approx for 30 Qty
Status
Active
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@profitwaves • Reputation: 2,693
SILVERM 28FEB20 FUT

Type
Sell
Instrument
SILVERM 28FEB20 FUT
Entry Price
₹47,270
Price@Trade
₹47,307
Target Price
₹46,500
Stop Price
₹47,500
Valid Till
Feb 28, 2020 11:45 PM
Margin
₹13,910.56 approx for 5 Qty
Status
Active
Like
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Reply (1)
Latest replies
TrackerBot @trackerbot
Yesterday 2:20 AM

Update
Trade Entered
Entry Price
₹47,270
SILVER 05MAR20 FUT

Type
Sell
Instrument
SILVER 05MAR20 FUT
Entry Price
₹47,235
Price@Trade
₹47,235
Target Price
₹46,700
Stop Price
₹47,600
Valid Till
Feb 3, 2020 11:45 PM
Margin
₹83,409.13 approx for 30 Qty
Status
Active
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SILVER 05MAR20 FUT

Type
Sell
Instrument
SILVER 05MAR20 FUT
Entry Price
₹47,238  ₹47,232
Price@Trade
₹47,242
Target Price
₹46,000
Stop Price
₹47,900
Valid Till
Mar 5, 2020 11:45 PM
Margin
₹83,402 approx for 30 Qty
Status
Exited
Exit Price
₹47,164
Net P&L
2.45% Profit
1
reply
Reply (3)
Latest replies

Update
Entry Price Modified
Price @ Update
₹47,232
Original Entry Price
₹47,238
New Entry Price
₹47,232
TrackerBot @trackerbot
Yesterday 2:10 AM

Update
Trade Entered
Entry Price
₹47,232

Update
Exited
Exit Price
₹47,164
Net P&L
2.45% Profit
@vivanta • Reputation: -442
SILVER 05MAR20 FUT

Type
Sell
Instrument
SILVER 05MAR20 FUT
Entry Price
₹47,302
Price@Trade
₹47,293
Target Price
₹47,000
Stop Price
₹47,600
Valid Till
Jan 28, 2020 11:45 PM
Margin
₹83,424.5 approx for 30 Qty
Status
Exited
Exit Price
₹47,170
Net P&L
4.75% Profit
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Reply (2)
Latest replies
TrackerBot @trackerbot
Yesterday 2:06 AM

Update
Trade Entered
Entry Price
₹47,302
VIVANTA MCX @vivanta
Yesterday 4:13 AM

Update
Exited
Exit Price
₹47,170
Net P&L
4.75% Profit
@walltimes • Reputation: 2,841
Wall Times in MCX-SILVER
47365....😠 After we closed

47180 it made now. No use but.
1
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Latest replies
Nehal Sharma @sharmanehal
Yesterday 1:53 AM

can go more low??
Wall Times  @walltimes
Yesterday 1:55 AM

No
Nehal Sharma @sharmanehal
Yesterday 1:55 AM

thanks

plz share the views abt Silver?
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@harishm • Reputation: -4,354
SILVER 05MAR20 FUT

Type
Buy
Instrument
SILVER 05MAR20 FUT
Entry Price
₹47,399
Price@Trade
₹47,399
Target Price
₹48,200
Stop Price
₹46,850
Valid Till
Feb 3, 2020 11:45 PM
Margin
₹83,470.63 approx for 30 Qty
Status
Active
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@walltimes • Reputation: 2,841
Wall Times in MCX-SILVER
47400 again. Close it.

47365....😠 After we closed
1
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Latest replies
Nehal Sharma @sharmanehal
Yesterday 1:46 AM

see now
Wall Times  @walltimes
Yesterday 1:47 AM

Yes
Wall Times  @walltimes
Yesterday 1:47 AM

That was the target. But market is very volatile
Wall Times  @walltimes
Yesterday 1:47 AM

Better be safe
@walltimes • Reputation: 2,841
Wall Times in MCX-SILVER
47400....

47400 again. Close it.
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SILVER 05MAR20 FUT

Type
Sell
Instrument
SILVER 05MAR20 FUT
Entry Price
₹47,450
Price@Trade
₹47,410
Target Price
₹45,000
Stop Price
₹47,600
Valid Till
Mar 5, 2020 11:45 PM
Margin
₹83,476.25 approx for 30 Qty
Status
Exited
Exit Price
₹47,170
Net P&L
10.06% Profit
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Latest replies
TrackerBot @trackerbot
Yesterday 1:32 AM

Update
Trade Entered
Entry Price
₹47,450
ASHISH SHAH @ashishjshah
Yesterday 1:52 AM

Update
Exited
Exit Price
₹47,170
Net P&L
10.06% Profit

Sell Silverm below 47440
SL 47560
Target 47260/47100/46980
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@walltimes • Reputation: 2,841
Wall Times in MCX-SILVER
47400....

47375 was done
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@walltimes • Reputation: 2,841
Wall Times in MCX-SILVER
Sell silver below 47430 for 47100. Keep SL 47651.

47400....
1
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Wall Times  @walltimes
Yesterday 11:28 PM

That was a typo. So deleted
@walltimes • Reputation: 2,841
Wall Times in MCX-SILVER
Sell silver below 47430 for 47100. Keep SL 47651.

Wait for activation.
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@walltimes • Reputation: 2,841

Sell silver below 47430 for 47100. Keep SL 47651.
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@harishm • Reputation: -4,354
SILVER 05MAR20 FUT

Type
Sell
Instrument
SILVER 05MAR20 FUT
Entry Price
₹47,489
Price@Trade
₹47,489
Target Price
₹46,900
Stop Price
₹47,666
Valid Till
Feb 3, 2020 11:45 PM
Margin
₹83,504.38 approx for 30 Qty
Status
Exited
Exit Price
₹47,375
Net P&L
4.1% Profit
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Reply (1)
Latest replies
Harish @harishm
Yesterday 1:21 AM

Update
Exited
Exit Price
₹47,375
Net P&L
4.1% Profit
@vivanta • Reputation: -442
SILVERM 28FEB20 FUT

Type
Buy
Instrument
SILVERM 28FEB20 FUT
Entry Price
₹47,550
Price@Trade
₹47,569
Target Price
₹48,000
Stop Price
₹47,300
Valid Till
Jan 28, 2020 11:45 PM
Margin
₹13,928.06 approx for 5 Qty
Status
Stoploss Hit
Net P&L
-8.97% Loss
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Latest replies
TrackerBot @trackerbot
Yesterday 10:05 PM

Update
Trade Entered
Entry Price
₹47,550
TrackerBot @trackerbot
Yesterday 1:39 AM

Update
Stoploss Hit
StopLoss
₹47,300
@mohan-B1lZEEB1E • Reputation: -64,098
SILVERM 28FEB20 FUT

Type
Sell
Instrument
SILVERM 28FEB20 FUT
Entry Price
₹47,415
Price@Trade
₹47,322
Target Price
₹47,250
Stop Price
₹47,499
Valid Till
Jan 27, 2020 11:45 PM
Margin
₹13,918.63 approx for 5 Qty
Status
Stoploss Hit
Net P&L
-3.02% Loss
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Latest replies
TrackerBot @trackerbot
Yesterday 8:37 PM

Update
Trade Entered
Entry Price
₹47,415
TrackerBot @trackerbot
Yesterday 9:24 PM

Update
Stoploss Hit
StopLoss
₹47,499
SILVER 05MAR20 FUT

Type
Sell
Instrument
SILVER 05MAR20 FUT
Entry Price
₹47,200
Price@Trade
₹47,200
Target Price
₹46,850
Stop Price
₹47,365
Valid Till
Jan 27, 2020 11:45 PM
Margin
₹83,396 approx for 30 Qty
Status
Stoploss Hit
Net P&L
-5.94% Loss
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Reply (1)
Latest replies
TrackerBot @trackerbot
Yesterday 8:04 PM

Update
Stoploss Hit
StopLoss
₹47,365
@lov • Reputation: 2,557

Today Silverm will touch 46700
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SILVER 05MAR20 FUT

Type
Buy
Instrument
SILVER 05MAR20 FUT
Entry Price
₹47,260
Price@Trade
₹47,270
Target Price
₹47,475
Stop Price
₹47,100
Valid Till
Jan 27, 2020 11:45 PM
Margin
₹83,424.5 approx for 30 Qty
Status
Exited
Exit Price
₹47,440
Net P&L
6.47% Profit
1
reply
Reply (2)
Latest replies
TrackerBot @trackerbot
Yesterday 5:15 PM

Update
Trade Entered
Entry Price
₹47,260
Manish @manish-rkbhGSpqS
Yesterday 8:51 PM

Update
Exited
Exit Price
₹47,440
Net P&L
6.47% Profit
@mcx20 • Reputation: 1,519
Mcx Trade in MCX-SILVER
SILVER 05MAR20 FUT
New trade: Buy SILVER 05MAR20 FUT, CMP@47236, E...

Ohhh..risky but right side
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SILVER 05MAR20 FUT

Type
Sell
Instrument
SILVER 05MAR20 FUT
Entry Price
₹46,299
Price@Trade
₹47,223
Target Price
₹45,435
Stop Price
₹46,731
Valid Till
Jan 27, 2020 11:45 PM
Status
Expired before entry
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Latest replies
TrackerBot @trackerbot
32 minutes ago

Update
Expired before entry
Price @ Update
₹47,020
SILVER 05MAR20 FUT

Type
Buy
Instrument
SILVER 05MAR20 FUT
Entry Price
₹47,493
Price@Trade
₹47,220
Target Price
₹48,201
Stop Price
₹47,139
Valid Till
Jan 27, 2020 11:45 PM
Margin
₹83,507.38 approx for 30 Qty
Status
Stoploss Hit
Net P&L
-12.72% Loss
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Latest replies
TrackerBot @trackerbot
Yesterday 9:37 PM

Update
Trade Entered
Entry Price
₹47,493
TrackerBot @trackerbot
Yesterday 4:17 AM

Update
Stoploss Hit
StopLoss
₹47,139
@lov • Reputation: 2,557
no one knows in MCX-SILVER
Put SL 47320 if hit reverse trade

Those who want take posn enter now
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@lov • Reputation: 2,557
no one knows in MCX-SILVER
100 PTS dn

Put SL 47320 if hit reverse trade
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@mcx20 • Reputation: 1,519
SILVER 05MAR20 FUT

Type
Buy
Instrument
SILVER 05MAR20 FUT
Entry Price
₹47,230
Price@Trade
₹47,236
Target Price
₹47,430
Stop Price
₹47,100
Valid Till
Jan 27, 2020 11:45 PM
Status
Exited before entry
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Latest replies
Mcx Trade @mcx20
Yesterday 4:37 PM

Update
Exited before entry
Price @ Update
₹47,245

Silver Trading Ideas:
# Silver trading range for the day is 45763-47611.
# Silver prices gained on worldwide fears over the economic fallout to the China-originated coronavirus.
# US President Donald Trump told that the European Union has “no choice” but to agree to a new trade...
Read more...
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@lov • Reputation: 2,557
no one knows in MCX-SILVER
Sell CMP for 100-200 pts

100 PTS dn
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SILVER 05MAR20 FUT

Type
Sell
Instrument
SILVER 05MAR20 FUT
Entry Price
₹48,160
Price@Trade
₹47,302
Target Price
₹36,000
Stop Price
₹52,000
Valid Till
Mar 5, 2020 11:45 PM
Status
Expired before entry
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Reply (1)
Latest replies
TrackerBot @trackerbot
12 minutes ago

Update
Expired before entry
Price @ Update
₹46,973
SILVER 05MAR20 FUT

Type
Sell
Instrument
SILVER 05MAR20 FUT
Entry Price
₹47,380
Price@Trade
₹47,310
Target Price
₹46,700
Stop Price
₹47,500
Valid Till
Jan 27, 2020 11:45 PM
Margin
₹83,455.63 approx for 30 Qty
Status
Stoploss Hit
Net P&L
-4.31% Loss
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Latest replies
TrackerBot @trackerbot
Yesterday 8:04 PM

Update
Trade Entered
Entry Price
₹47,380
TrackerBot @trackerbot
Yesterday 9:46 PM

Update
Stoploss Hit
StopLoss
₹47,500
@honeymoney • Reputation: 3,216
SILVER 05MAR20 FUT

Type
Buy
Instrument
SILVER 05MAR20 FUT
Entry Price
₹47,300  ₹47,293
Price@Trade
₹47,288
Target Price
₹47,500
Stop Price
₹47,100
Valid Till
Jan 27, 2020 11:45 PM
Margin
₹83,435.75 approx for 30 Qty
Status
Exited
Exit Price
₹47,254
Net P&L
-1.4% Loss
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Latest replies
mcx Honey @honeymoney
Yesterday 2:45 PM

Update
Entry Price Modified
Price @ Update
₹47,293
Original Entry Price
₹47,300
New Entry Price
₹47,293
TrackerBot @trackerbot
Yesterday 2:46 PM

Update
Trade Entered
Entry Price
₹47,293
mcx Honey @honeymoney
Yesterday 3:53 PM

Update
Exited
Exit Price
₹47,254
Net P&L
-1.4% Loss
@lov • Reputation: 2,557

Sell CMP for 100-200 pts
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Booked 6000 Rs profit on 1 lot of Crudeoil or 60 points in Crudeoil on Friday 24/01/2020.
Booked profit of 15000 Rs on 1 lot of Silver or 500 points in Silver on Friday 24/01/2020.
For the best and most accurate tips in Crudeoil and Silver,WhatsApp at 7973771488.
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@jdktradingpro • Reputation: 1,348

MCX:SILVER - chart - 557213
W-Shape pattern in Silver March Future
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@powerofAT • Reputation: -9,484
SILVER 05MAR20 FUT

Type
Sell
Instrument
SILVER 05MAR20 FUT
Entry Price
₹47,000
Price@Trade
₹47,005
Target Price
₹45,200
Stop Price
₹47,500
Valid Till
Jan 31, 2020 11:45 PM
Margin
₹82,702.75 approx for 30 Qty
Status
Stoploss Hit
Net P&L
-18.14% Loss
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Latest replies
TrackerBot @trackerbot
Jan 25 5:25 AM

Update
Trade Entered
Entry Price
₹47,000
mcx Honey @honeymoney
Yesterday 2:48 PM

-421% return bhai tum toh logon ku bankcrupt kar doge 😂.
TrackerBot @trackerbot
Yesterday 9:46 PM

Update
Stoploss Hit
StopLoss
₹47,500
SILVER 05MAR20 FUT

Type
Sell
Instrument
SILVER 05MAR20 FUT
Entry Price
₹46,976
Price@Trade
₹46,976
Target Price
₹30,000
Stop Price
₹50,000
Valid Till
Mar 5, 2020 11:45 PM
Margin
₹82,705 approx for 30 Qty
Status
Active
1
reply
Reply
@powerofAT • Reputation: -9,484
SILVER 05MAR20 FUT

Type
Sell
Instrument
SILVER 05MAR20 FUT
Entry Price
₹46,987  ₹46,972
Price@Trade
₹46,974
Target Price
₹45,200
Stop Price
₹47,500
Valid Till
Jan 31, 2020 11:45 PM
Margin
₹82,716.63 approx for 30 Qty
Status
Stoploss Hit
Net P&L
-19.15% Loss
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Latest replies
POWER OF A T @powerofAT
Jan 25 5:22 AM

Update
Entry Price Modified
Price @ Update
₹46,972
Original Entry Price
₹46,987
New Entry Price
₹46,972
TrackerBot @trackerbot
Jan 25 5:24 AM

Update
Trade Entered
Entry Price
₹46,972
TrackerBot @trackerbot
Yesterday 9:46 PM

Update
Stoploss Hit
StopLoss
₹47,500
@vivanta • Reputation: -442
SILVER 05MAR20 FUT

Type
Sell
Instrument
SILVER 05MAR20 FUT
Entry Price
₹46,965  ₹47,000
Price@Trade
₹46,977
Target Price
₹46,200
Stop Price
₹47,500
Valid Till
Mar 5, 2020 11:45 PM
Margin
₹82,706.5 approx for 30 Qty
Status
Stoploss Hit
Net P&L
-18.14% Loss
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reply
Reply (5)
Latest replies
VIVANTA MCX @vivanta
Jan 25 5:19 AM

Update
Entry Price Modified
Price @ Update
₹46,977
Original Entry Price
₹46,965
New Entry Price
47000.0
VIVANTA MCX @vivanta
Jan 25 5:20 AM

Update
Entry Price Modified
Price @ Update
₹46,970
Original Entry Price
₹47,000
New Entry Price
46970.0
VIVANTA MCX @vivanta
Jan 25 5:21 AM

Update
Entry Price Modified
Price @ Update
₹47,007
Original Entry Price
₹46,970
New Entry Price
47000.0
TrackerBot @trackerbot
Jan 25 5:22 AM

Update
Trade Entered
Entry Price
₹47,000
TrackerBot @trackerbot
Yesterday 9:46 PM

Update
Stoploss Hit
StopLoss
₹47,500
@ashishjshah • Reputation: -230
SILVER 05MAR20 FUT

Type
Sell
Instrument
SILVER 05MAR20 FUT
Entry Price
₹46,975
Price@Trade
₹46,972
Target Price
₹44,500
Stop Price
₹47,250
Valid Till
Mar 5, 2020 11:45 PM
Margin
₹82,705.38 approx for 30 Qty
Status
Stoploss Hit
Net P&L
-9.07% Loss
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Reply (2)
Latest replies
TrackerBot @trackerbot
Jan 25 5:18 AM

Update
Trade Entered
Entry Price
₹46,975
TrackerBot @trackerbot
Yesterday 2:31 PM

Update
Stoploss Hit
StopLoss
₹47,250
SILVERM 28FEB20 FUT

Type
Sell
Instrument
SILVERM 28FEB20 FUT
Entry Price
₹46,850
Price@Trade
₹46,850
Target Price
₹44,000
Stop Price
₹49,000
Valid Till
Feb 28, 2020 11:45 PM
Margin
₹13,718.13 approx for 5 Qty
Status
Active
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@jmbmhs • Reputation: 5,213
Wisher in MCX-SILVER
SILVER 05MAR20 FUT
Trade entered: Buy SILVER 05MAR20 FUT @46474 Ta...

Missed target for 10 points... But it was an enjoyable trade... Good night
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@jmbmhs • Reputation: 5,213
Wisher in MCX-SILVER
SILVER 05MAR20 FUT
Trade entered: Buy SILVER 05MAR20 FUT @46474 Ta...

46950 may be touch and go. Place order
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SILVER 05MAR20 FUT

Type
Sell
Instrument
SILVER 05MAR20 FUT
Entry Price
₹46,786
Price@Trade
₹46,786
Target Price
₹30,000
Stop Price
₹52,000
Valid Till
Mar 5, 2020 11:45 PM
Margin
₹82,633.75 approx for 30 Qty
Status
Active
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  • MCX:SILVER PRICE - 05MAR2020

    keyboard_arrow_down
    DateJan 27
    Open47,225
    High47,595
    Low46,932
    Previous Close46,973
    Volume22,633
  • MCX:SILVER PRICE - 05MAY2020

    keyboard_arrow_down
    DateJan 27
    Open47,745
    High48,052
    Low47,451
    Previous Close47,488
    Volume422
  • MCX:SILVER - Recent News

    keyboard_arrow_down
    NewsBot
    Sep 30 6:19 PM
    Commodity Outlook: How gold, oil, base metals and agri commodities may trade today
    The Economic Times
    NewsBot
    Jul 30 7:30 PM
    Precious Metals: Gold, silver futures up on positive cues
    economictimes.indiatimes.com
    NewsBot
    Jul 26 8:10 PM
    MCX Silver under long liquidation; Resistance seen at 41718
    Commodity Online
    NewsBot
    Jul 26 5:15 PM
    The gold train has left the station, while the silver one is just about to...
    moneycontrol.com
  • MCX:SILVER - Related Communities

    keyboard_arrow_down
    Sector: Index
    MCX:CRUDEOIL
    Bajaj Finance Ltd. Sector: Finance
    UPL Ltd. Sector: Chemicals
    MCX:GOLD
    Zee Entertainment Enterprises Ltd. S...
    MCX:SILVER
    MCX:ZINC
    MCX:COPPER
    MCX:NATURALGAS
  • MCX:SILVER - More Information

    keyboard_arrow_down

    MCX SILVER:
    SILVER is one of the metal commodities that has been traded through MCX. MCX stands for the Multi Commodity Exchange. MCX is the exchange where you can trade commodities such as gold, lead, nickel and agricultural products like cotton, coffee, turmeric, etc. just like the BSE exchange where stocks of companies are traded. The trading mechanism done through MCX is pretty transparent, and it is disciplined with the regulatory framework.
    Silver is a gleaming grey-white metal that is soft and pliable. The first silver mine is in Anatolia( modern-day Turkey), and the mining of silver began 5000 years ago. The top three silver-producing mines are Fresnillo (Mexico), Cannington (Australia), and San Cristobal (Bolivia). Tajikistan, Central Asia is known to have some of the massive silver deposits in the world.
    Just over half of the silver comes from Mexico, Australia, Peru, and China are the four largest silver producing countries. Primary silver mines produce about one-third of the world silver, while approximately two-thirds come as a by-product of lead, zinc, gold, copper mining. The primary sources of silver are the ores of silver, lead-zinc, silver-nickel, lead, obtained from Peru, Bolivia, Mexico, China, Australia, Serbia, Chile, and Poland. Mexico, Peru, and Bolivia have been mining silver since 1546, and are still significant world producers.
    Why Should I Invest In Silver?
    Silver has many applications in art, science, industry and beyond. At the extraordinary level, though, demand for silver breaks down into three essential categories: silver in industry, investment, and silver ornaments and décor. These three categories altogether represent more than 95% of the annual silver demand.
    With unique characteristics, such as its strength, malleability, and ductility; its thermal and electrical conductivity; its sensitivity to high reflectance of light; and the ability to withstand extreme temperature; it is an element without replacement. Commercial-grade exceptional silver is at least 99.9% pure, and purities higher than 99.999% are available.
    Reasons for trading MCX Silver Price:
    • One of the valid reasons for investing in silver is that it's a safe commodity to trade during an economic crisis. Central banks usually react to the crisis by reducing interest rates and raising the money supply. These actions can influence weakening currencies and erode trust in stock and bond markets.
    • Unlike financial assets, tangible assets such as silver can't be created on paper. There is a restricted above-ground supply of silver. Hence, it is far more likely to trade on silver than financial assets to maintain its value during periods of turmoil.
    • Industrial Strength is very crucial when it comes to the Global Economy. Silver is essential to many industries, so strength in the global economy should translate to higher prices. Notably, silver demand for jewellery is active in India. As these and other emerging market nations continue to develop, their demand for silver could improve sharply.
    Factors Influencing the Market:
    1. Economic events such as India’s industrial growth, the global financial crisis, deflation, recession, and inflation affect prices.
    2. Geopolitical circumstances involving governments or economic criteria and armed conflict can cause significant changes.
    3. Commodity-specific situations, such as the construction of new production plants, the introduction of new processes, unexpected mine or factory closures, and business restructuring, can also affect the market.
    Before trading in silver it’s always good to learn these contract specifications of silver:
    • The symbol used is SILVER, and the trading unit is 1kg.
    • The contract starts at 16th of a contract launch month and the last trading day falls on the 5th of the contract expiry month. If the launch day is a holiday, the following day is considered to be the launch day. Whereas expiry day falls on a holiday, then the previous day is an expiry day.
    • Trading is open from Monday through Friday and the trade hours are 10.00 a.m to 11.30 p.m/11.55 p.m
    • The Trading unit is 30 kg and the tick size is Re.1 per kg.
    • The maximum order size for trading is 600 kg, and the base value is 1kg.
    • The initial margin is a minimum 4%, or sometimes it is based on SPAN, whichever is higher.
    • And the extreme loss margin is a minimum of 1%.
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    • MCX SILVER forum is all about discussions related to Silver rate, trading strategies, market information, and latest news related to MCX SILVER.
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