MCX Silver

Silver (Chemical symbol-Ag) is a brilliant grey-white metal that is soft and malleable.Silver is unique amongst metals due to the fact that it can be classified as both a precious metal and an industrial metal.Today, silver is sought as a valuable and practical industrial commodity and as an investment.Silver is an important element of the global monetary reserves.Silver is an effective portfolio diversifier.

Silver In India 

India's silver demand averages 2500 Metric Tonnes(MT) per year, whereas the country’s production was around 342.13 MT in 2011.Nearly 60% of India's silver demand comes from farmers and rural India, who store their savings in silver bangles and coins.

Factors influencing/Impacting MCX 

Silver

• 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, 
  and overall industrial growth.
  
  
• 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 

Types/Forms of MCX 

Silver 

Contracts

MCX Silver Regular/Mega   -  30 

Kg s

MCX Silver Mini                   -  5 Kg s

MCX Silver Micro                -  1 Kg

MCX Silver Regular/Mega    

Contract Basis                          : Bi-Monthly(All Month Contracts Available)

No of Contracts of a year         :5

Price Quotation(Quoted Price)  : 1 Kg

Lot size                                    : 30

Margin Percentage                    :4% of lot value

Margin/Investment Required to

Trade Brent Crude Oil               : Approx.Rs.90,000-2,00,000(Subject to change as per MCX Exchange)

Tick Size                                  : Rs.1

Tick Value                                : Rs.30 Per Tick

Value for One Point/Price

Variation(Up/Down)                  : Rs.30

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.