Factors influencing/Impacting MCX Silver Micro
- Economic events such as national industrial growth, global financial crisis, recession, and inflation affect metal prices.
- Commodity-specific events such as the construction of new production facilities or processes, unexpected mine or plant closures, or industry restructuring, all affect metal prices.
- Governments set trade policy (implementation or suspension of taxes, penalties, and quotas) that affect supply by regulating (restricting or encouraging) material flow.
- Geopolitical events involving governments or economic paradigms and armed conflict can cause major changes
- A faster growth in demand against supply often leads to a drop in stocks with the government and investors.
- Silver demand is underpinned by the demand from jewellery and silverware, industrial applications
- In India, the real industrial demand occupies a small share in the total industrial demand of silver. This is in sharp contrast to most developed economies
- In India, silver demand is also determined to a large extent by its price level and volatility.
MCX Silver Micro
Trading Symbol : SILVERMIC
Contract Basis : Monthly(All Month Contracts Available)
No of Contracts of a year :5
Price Quotation(Quoted Price) : 1 Kg
Lot size : 1
Margin Percentage :4% of lot value(Generally)
Margin/Investment Required to
Trade Brent Crude Oil : Approx.Rs.3000-Rs.5000(Subject to change as per MCX Exchange)
Tick Size : Rs.1
Tick Value : Rs.1 Per Tick
Value for One Point/Price
Variation(Up/Down) : Rs.1
Trading period : Monday through Saturday
Trading session/Timings : Monday to Friday: 10.00 a.m. to 11.30 p.m.
Saturday: 10.00 a.m. to 2.00 p.m.
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