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SILVER MCX

Last updated : 09 May 2019

Silver is the most favourite metals of traders. Lot size of Silver is 30 kg. Silver Mini lot size is 5 kg and Silver Micro lot size is 1 kg. Right now margin for Silver around Rs. 65000 to Rs 68000 which changed on daily basis as per its volatility. Trading in Silver options also started last year and one can buy or sell Silver options (call or put). If you will sell Silver options then it will require same margin which require to buy or sell Silver. One should confirm to his broker before taking any action.

Latest View on SILVER MCX

09 May 2019 : Silver MCX crossed level of 37600 yesterday but profit booking took place and it closed below 37500 level. Today right now it is trading around 37350-37400 zone. As per daily chart if again it cross 37600 then we can see bounce up to 37800 to 38000 level. Strong support of silver now around 37150-37200 level. Lot of other factors also impact trading in gold and silver. So without any guidance do not trade in Silver.

 

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