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MCX:SILVER

68,630
+90 (0.13%)
Updated 11:28 16/04 IST

MCX:SILVER Buy or Sell - FrontPage Forums

11 Users have submitted 12 trade ideas of Rs. 1,983,585.33 for MCX:SILVER
Disclaimer
58% Bullish
42% Bearish

MCX:SILVER Buy or Sell - Brokerage Reports

No. of reports in last year
0
No. of analysts
0
Average Consensus Forecast
Consensus Potential
0.00%
See MCX:SILVER Share Price Targets >>

MCX:SILVER Ratings

Long term MCX:SILVER rating by FrontPage users
0/5 (0 Ratings)0
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?

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MCX:SILVER Share Price Discussion


Type
Sell
Instrument
SILVER 05MAY21 FUT
Entry Price
₹68,722
Price@Trade
₹68,722
Target Price
₹68,100
Stop Price
₹68,800
Valid Till
May 5, 2021 11:20 AM
Margin
₹231,390.75 approx for 30 Qty
Status
Active
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Sold #SILVER futures - SILVERMIC21APRFUT at 68532.33
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Bought more #SILVER futures - SILVERMIC21APRFUT Avg Price 68769.50
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Type
Sell
Instrument
SILVER 05MAY21 FUT
Entry Price
₹68,696
Price@Trade
₹68,686
Target Price
₹65,000
Stop Price
₹68,941
Valid Till
May 5, 2021 11:20 AM
Margin
₹231,378.38 approx for 30 Qty
Status
Active
Like
Reply (1)
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TrackerBot @trackerbot
Yesterday 3:46 AM

Update
Trade Entered
Entry Price
₹68,696

Type
Sell
Instrument
SILVERM 30APR21 FUT
Entry Price
₹68,600
Price@Trade
₹68,625
Target Price
₹68,100
Stop Price
₹68,990
Valid Till
Apr 16, 2021 11:20 AM
Margin
₹771,287.5 approx for 100 Qty
Status
Active
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Reply (1)
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TrackerBot @trackerbot
Yesterday 3:40 AM

Update
Trade Entered
Entry Price
₹68,600

Type
Sell
Instrument
SILVER 05MAY21 FUT
Entry Price
₹68,675
Price@Trade
₹68,675
Target Price
₹65,000
Stop Price
₹68,751
Valid Till
May 5, 2021 11:20 AM
Margin
₹231,373.13 approx for 30 Qty
Status
Exited
Exit Price
₹68,647
Net P&L
+₹840 (+0.36%)
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Reply (1)
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Girish Ojha @girishojha
Yesterday 3:40 AM

Update
Exited
Exit Price
₹68,647
Net P&L
+₹840 (+0.36%)
F
Reputation: 4,021 • Yesterday 3:17 AM

SILVER TREND
*BUY ABOVE* : 68818.88
T1 RANGE BRK-------------- : 68906.1
T2-------------- : 68993.32
T3 -------------- : 69080.54
T4-------------- : 69276.79
T5//-------------- : 69516.64
INTRDAY STOPLOSS : 68470.0
Stop Loss : 68121.12

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Type
Buy
Instrument
SILVER 05MAY21 FUT
Entry Price
₹68,750  ₹68,735
Price@Trade
₹68,735
Target Price
₹69,200
Stop Price
₹68,300
Valid Till
Apr 16, 2021 11:20 AM
Margin
₹462,791.25 approx for 60 Qty
Status
Active
Like
Reply (2)
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Karthi Navy @karthisiva
Yesterday 3:15 AM

Update
Entry Price Modified
Price @ Update
₹68,735
Original Entry Price
₹68,750
New Entry Price
₹68,735
TrackerBot @trackerbot
Yesterday 3:16 AM

Update
Trade Entered
Entry Price
₹68,735

Type
Sell
Instrument
SILVER 05MAY21 FUT
Entry Price
₹68,650
Price@Trade
₹68,622
Target Price
₹68,100
Stop Price
₹68,750
Valid Till
May 5, 2021 11:20 AM
Margin
₹231,373.13 approx for 30 Qty
Status
Stoploss Hit
Exit Price
₹68,750
Net P&L
-₹3,000 (-1.3%)
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TrackerBot @trackerbot
Yesterday 2:47 AM

Update
Trade Entered
Entry Price
₹68,650
TrackerBot @trackerbot
Yesterday 3:14 AM

Update
Stoploss Hit
Exit Price
₹68,750

Type
Buy
Instrument
SILVERM 30APR21 FUT
Entry Price
₹68,700  ₹68,652
Price@Trade
₹68,639
Target Price
₹69,300
Stop Price
₹68,460
Valid Till
Apr 16, 2021 11:20 AM
Margin
₹231,401.25 approx for 30 Qty
Status
Exited
Exit Price
₹68,726
Net P&L
+₹2,220 (+0.96%)
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Jameel @jameel-rkaJStwfu
Yesterday 2:43 AM

Update
Entry Price Modified
Price @ Update
₹68,630
Original Entry Price
₹68,700
New Entry Price
₹68,652
TrackerBot @trackerbot
Yesterday 2:48 AM

Update
Trade Entered
Entry Price
₹68,652
Jameel @jameel-rkaJStwfu
Yesterday 4:15 AM

Update
Exited
Exit Price
₹68,726
Net P&L
+₹2,220 (+0.96%)
M
Reputation: 96 • Yesterday 2:29 AM

Type
Buy
Instrument
SILVERM 30APR21 FUT
Entry Price
₹68,700
Price@Trade
₹68,701
Target Price
₹69,300
Stop Price
₹68,460
Valid Till
Apr 16, 2021 11:20 AM
Margin
₹578,532.19 approx for 75 Qty
Status
Active
Like
Reply (1)
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TrackerBot @trackerbot
Yesterday 2:30 AM

Update
Trade Entered
Entry Price
₹68,700

Type
Buy
Instrument
SILVERM 30APR21 FUT
Entry Price
₹68,650
Price@Trade
₹68,682
Target Price
₹69,500
Stop Price
₹68,200
Valid Till
Apr 16, 2021 11:20 AM
Margin
₹771,352.5 approx for 100 Qty
Status
Exited before entry
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Reply (1)
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Chilakapat Meera  @chilakapati
Yesterday 2:13 AM

Update
Exited before entry
Price @ Update
₹68,693

Type
Buy
Instrument
SILVERM 30APR21 FUT
Entry Price
₹68,450
Price@Trade
₹68,671
Target Price
₹69,200
Stop Price
₹68,350
Valid Till
Apr 16, 2021 11:20 AM
Margin
₹38,566.94 approx for 5 Qty
Status
Waiting for entry
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A
Reputation: 0 • Yesterday 2:11 AM

Type
Buy
Instrument
SILVERM 30APR21 FUT
Entry Price
₹68,700
Price@Trade
₹68,700
Target Price
₹69,000
Stop Price
₹68,500
Valid Till
Apr 16, 2021 11:20 AM
Margin
₹462,825 approx for 60 Qty
Status
Active
Like
Reply
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Type
Buy
Instrument
SILVERM 30APR21 FUT
Entry Price
₹68,700
Price@Trade
₹68,703
Target Price
₹69,400
Stop Price
₹68,300
Valid Till
Apr 16, 2021 11:20 AM
Margin
₹771,378.75 approx for 100 Qty
Status
Exited before entry
Like
Reply (1)
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Chilakapat Meera  @chilakapati
Yesterday 2:11 AM

Update
Exited before entry
Price @ Update
₹68,670
A
Reputation: 0 • Yesterday 2:06 AM

Type
Buy
Instrument
SILVERM 30APR21 FUT
Entry Price
₹68,666  ₹68,713
Price@Trade
₹68,680
Target Price
₹69,000
Stop Price
₹68,500
Valid Till
Apr 16, 2021 11:20 AM
Margin
₹38,568.5 approx for 5 Qty
Status
Active
Like
Reply (3)
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Arafi @arafi
Yesterday 2:07 AM

Update
Entry Price Modified
Price @ Update
₹68,715
Original Entry Price
₹68,666
New Entry Price
68675.0
Arafi @arafi
Yesterday 2:08 AM

Update
Entry Price Modified
Price @ Update
₹68,713
Original Entry Price
₹68,675
New Entry Price
₹68,713
TrackerBot @trackerbot
Yesterday 2:09 AM

Update
Trade Entered
Entry Price
₹68,713

Sold partially #SILVER futures - SILVERMIC21APRFUT Avg Price 68532.33
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Reply

Type
Buy
Instrument
SILVER 05MAY21 FUT
Entry Price
₹68,585
Price@Trade
₹68,585
Target Price
₹69,000
Stop Price
₹68,200
Valid Till
May 5, 2021 11:20 AM
Margin
₹231,339 approx for 30 Qty
Status
Exited
Exit Price
₹68,668
Net P&L
+₹2,490 (+1.08%)
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Reply (1)
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ISK Broking And Advisory @isk
Yesterday 2:00 AM

Update
Exited
Exit Price
₹68,668
Net P&L
+₹2,490 (+1.08%)
S
Reputation: 16 • Yesterday 1:43 AM

Type
Sell
Instrument
SILVER 05MAY21 FUT
Entry Price
₹68,579  ₹68,561
Price@Trade
₹68,564
Target Price
₹67,579
Stop Price
₹69,579
Valid Till
May 5, 2021 11:20 AM
Margin
₹231,317.25 approx for 30 Qty
Status
Exited
Exit Price
₹68,498
Net P&L
+₹1,890 (+0.82%)
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SHJ @shjain1976
Yesterday 1:43 AM

Update
Entry Price Modified
Price @ Update
₹68,561
Original Entry Price
₹68,579
New Entry Price
₹68,561
TrackerBot @trackerbot
Yesterday 1:44 AM

Update
Trade Entered
Entry Price
₹68,561
SHJ @shjain1976
Yesterday 1:44 AM

Update
Exited
Exit Price
₹68,498
Net P&L
+₹1,890 (+0.82%)

Type
Buy
Instrument
SILVERM 30APR21 FUT
Entry Price
₹68,500
Price@Trade
₹68,567
Target Price
₹68,700
Stop Price
₹68,400
Valid Till
Apr 16, 2021 11:20 AM
Margin
₹77,112.88 approx for 10 Qty
Status
Exited
Exit Price
₹68,686
Net P&L
+₹1,860 (+2.41%)
Like
Reply (2)
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TrackerBot @trackerbot
Yesterday 1:45 AM

Update
Trade Entered
Entry Price
₹68,500
Simha @simha-H1Mi8cfId
Yesterday 1:59 AM

Update
Exited
Exit Price
₹68,686
Net P&L
+₹1,860 (+2.41%)
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  • MCX:SILVER PRICE - 05MAY2021

    keyboard_arrow_down
    DateApr 16
    Open68,400
    High69,271
    Low67,990
    Previous Close68,630
    Volume12,999
  • MCX:SILVER PRICE - 05JUL2021

    keyboard_arrow_down
    DateApr 16
    Open69,489
    High70,358
    Low69,087
    Previous Close69,759
    Volume764
  • MCX:SILVER PRICE - 05MAR2021 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Mar 466,43766,52465,29366,243
    Mar 368,03568,21467,34967,349
    Mar 266,46367,22365,86367,105
    Mar 168,57568,57567,76368,100
    Feb 2669,40069,40066,50568,525
  • MCX:SILVER PRICE - 30APR2021 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Mar 468,00068,00066,30067,225
    Mar 369,15569,30968,41168,455
    Mar 268,70068,70066,92668,360
    Mar 169,19969,79069,13569,480
    Feb 2670,70070,70069,25169,852
    Mar 467,50067,70066,29267,244
    Mar 369,29069,30668,42368,450
    Mar 268,50168,50166,91268,365
    Mar 169,29969,80069,08069,499
    Feb 2670,37470,37469,24169,849
  • MCX:SILVER PRICE - 05MAY2021 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Mar 467,52667,70066,20067,239
    Mar 369,21669,33268,33968,430
    Mar 268,00168,47066,80368,358
    Mar 169,85469,85469,32369,533
    Feb 2670,30070,38869,25169,930
  • MCX:SILVER PRICE - 30JUN2021 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Mar 468,60068,75767,37768,304
    Mar 370,45070,45069,47769,500
    Mar 268,88869,50068,07569,395
    Mar 170,87170,87170,38770,581
    Feb 2671,27471,36070,28870,822
    Mar 468,61268,78867,25068,303
    Mar 370,19470,29769,50069,510
    Mar 269,90569,90568,01069,394
    Mar 170,65170,92870,05170,520
    Feb 2671,29871,34670,26970,849
  • MCX:SILVER PRICE - 05JUL2021 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Mar 468,56168,62967,31868,394
    Mar 370,19070,19069,48069,542
    Mar 268,75069,40067,75069,400
    Mar 170,73370,89370,41370,620
    Feb 2670,27071,02270,27071,022
  • MCX:SILVER PRICE - 31AUG2021 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Mar 469,45069,45068,80068,950
    Mar 370,88070,88070,30070,300
    Mar 270,09270,22969,50570,229
    Mar 171,24571,77871,24571,778
    Feb 2573,00073,00073,00073,000
    Mar 371,34371,34371,34371,343
    Mar 271,12971,12971,12971,129
    Mar 170,99370,99370,99370,993
    Feb 2669,74769,74769,74769,747
    Feb 2572,83072,83072,83072,830
  • MCX:SILVER PRICE - 03SEP2021 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Mar 372,93672,93672,93672,936
    Mar 271,53371,53371,53371,533
    Mar 171,80571,80571,80571,805
    Feb 2673,45373,45373,45373,453
    Feb 2573,31473,31473,31473,314
  • MCX:SILVER PRICE - 30NOV2021 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Mar 372,91872,91872,91872,918
    Mar 272,84572,84572,84572,845
    Mar 172,63272,63272,63272,632
    Feb 2669,11369,11369,11369,113
    Feb 2574,35074,35074,35074,350
    Mar 471,50071,50070,02070,020
    Mar 270,20073,29870,20070,316
  • MCX:SILVER PRICE - 03DEC2021 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Mar 375,73475,73475,73475,734
    Mar 273,58973,58973,58973,589
    Mar 174,07774,07774,07774,077
    Feb 2675,54175,54175,54175,541
    Feb 2575,19975,19975,19975,199
  • MCX:SILVER - Recent News

    keyboard_arrow_down
    NewsBot
    Sep 30, 2019 6:19 AM
    Commodity Outlook: How gold, oil, base metals and agri commodities may trade today
    The Economic Times
    NewsBot
    Jul 30, 2019 7:30 AM
    Precious Metals: Gold, silver futures up on positive cues
    economictimes.indiatimes.com
    NewsBot
    Jul 26, 2019 8:10 AM
    MCX Silver under long liquidation; Resistance seen at 41718
    Commodity Online
    NewsBot
    Jul 26, 2019 5:15 AM
    The gold train has left the station, while the silver one is just about to...
    moneycontrol.com
  • MCX:SILVER - Related Communities

    keyboard_arrow_down
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    Trades, views and discussion on forex...
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    A place to learn, ask and discuss abo...
  • 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%.
    Why discuss the MCX SILVER price today on Frontpage Forum?
    • MCX SILVER forum is all about discussions related to Silver rate, trading strategies, market information, and latest news related to MCX SILVER.
    • You can find MCX Silver Live Charts shared by experts.
    • You can also follow the 'Newsbot' account of FrontPage for finding the MCX Silver rate and all the latest share market news (Moneycontrol, Economictimes, Business Standard, Livemint) related to silver and all other stocks.
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