MCX Silver Tips for Today – Best Silver MCX Tips, Silver Target Price

Best MCX Silver Tips Live Silver Tips today with target & stop loss, Expert Advice, Silver commodity intraday trading tips, Silver Target Today & jackpot tips. – Gold Silver Reports

Get Best MCX Silver Tips For Today: The Free MCX tips & technical key levels chart are updated at 09.00 am Intraday based on the previous days data of the mcx silver and today’s open price which is fetched from our server (Gold Silver Reports [GSR] Server). Based on the GSR best advanced camarilla equation and today’s mcx silver open we have plotted the possible reversal and break out key levels tips. Silver commodity intraday trading tips, Jackpot tips.

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MCX Silver Jackpot trading tips is the another service of GoldSilverReports.com. Silver (Precious Metals) are that metals which are the mostly favorable of all traders and customers and these one metals are costly. So high risk is involved in these metals. By using this best Silver Jackpot tips service people can daily get one or two call by the research team of our organization. This company offers also best silver tips (Bullion Market Tips) in MCX commodity bullion pack and provides 90% to 95% accuracy in these calls by Neal Bhai

MCX Silver Analysis


Silver along with Gold and platinum comes along in the category of Bullion.

Silver is in high demand and is widely used in fabrication, fashion electrical and electronics industries. Apart from its general usage, it is also used for medicinal purposes as it functions as a biocide and kills harmful germs.

Silver has allured investors since ancient time, and it has been used as an investment since then.

It is soft, malleable, ductile and lustrous metal. It is the best-known conductor of the electricity and is also known for its thermal conductivity. It has the high endurance to temperature and is highly reflective. There are some other unique properties of silver as well which has made the metal high in demand.

More than 95% of silver’s demand comes from the industry, investment, silver jewellery and décor.

World’s significant producers of silver are Peru, Bolivia and Mexico. Silver is not found as a native element in the Earth’s crust. It is a by-product of mining zinc, lead, copper or gold.

As per statistics, global demand for silver stands at 1170.5 million ounces, and it is continuously growing at 2.5% every year.

Looking at the supply side global mining production along with scrap and sovereign sales stands at 1040.6 million ounces. The annual growth in supply is only around 1.4%. As can be seen from supply and demand statistics, this white metal is in deficit.

Few Facts about Silver

  • Silver and Gold are strongly correlated on an intraday basis and an end of day basis.
  • Silver and Gold makes good trading pair based on pair trading techniques.
  • Unlike Gold, Silver does not have a strong correlation with crude oil.
  • Silver is traded in four variants on MCX, i.e. Silver, Silver Mini, Silver Micro, Silver 1000.

Lot size of the silver contract is 30KG, and margin requirement is close to INR 75000

Margin requirement on silver is on an average between 5-6% of contract value.

Factors Affecting the Prices of Silver

  • Supply and Demand Equilibrium: For any commodity, its price is affected by the shift in supply and demand equilibrium. Supply of this precious white metal is limited and is expected to decline further owing to restriction on mining.
  • On the other side, demand remains stable and is further expected to grow. This mismatch in demand side and supply side makes the price of this metal unstable. Factors like mining strikes can constrain the supply and while the discovery of new deposits could increase it.
  • Supply of Scrap Silver Metal: The supply of silver scrap to the market essentially determines the price as it affects the supply of silver in the market. The primary source of scrap was historically the photography industry, but with the advent of the digital photography, the demand for silver in this industry declines and therefore the supply of scrap from the industry reduced too.  Large quantities of photography films are recycled for their silver content. Another source of scrap is the silver jewellery and home décor. When silver prices go up the supply of scrap to the market increases, and it caps its price.
  • Industrial Demand: The industrial demand for this metal substantially affects the price of this metal. The demand for silver has reduced to the great extent in some of the industries such as photography industries and in those industries where the silver has been replaced by either stainless steel or the alloys of aluminium. There are other industries such as Water purification and circuit board where the demand for this metal is still high.
  • Alternative Currency: Silver is priced in terms of dollar, and it exhibits the strong inverse relationship with the dollar. It means silver prices rise when the dollar weakens and vice-versa. In the times of currency devaluation and inflation, traders view silver as alternative currency and reliable store of value.

Three reasons to invest in silver:

  1. Investing in silver protects during the economic crisis; therefore, it is considered an excellent way to mitigate risk.
  2. The strong demand side of the metal assures the soaring price of it in the future.  Strong industrial demand and demand for the metal in jewellery and home décor is rising very sharply which might further cause the rise in price.
  3. The weak supply of the metal against the rising demand is another reason why silver can be looked upon as an investment.

Risk in investing in silver

  • A strong US Dollar
  • Recession in the country
  • Substitution of silver by other cheaper metals in the industries

MCX Contract Specifications


SymbolSILVER
DescriptionSILVERMMMYY
Contract ListingContracts are available as per the Contract Launch Calendar
Contract Start Day16th day of contract launch month
Last Trading Day5 th day of contract expiry month
Price Quote1 kg
Lot size30 kgs
Tick SizeRe. 1 per kg
Profit/Loss made for every ₹ 1 changeRs.30
Trading PeriodMonday to Friday
Trading Timings09.00 a.m. to 11.30/ 11.55 p.m
Commodity GroupBullion
Instrument TypeCOMMODITY FUTURES
Initial MarginMinimum 4% or based on SPAN whichever is higher.

MCX Silver Price for Today

Disclaimer: The above free information is for education/knowledge purposes only.

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