Question 1

Why is MCX silver price up or down today?

Accepted Answer

Silver moves on two separate demand streams: monetary (like gold) and industrial. It rises when gold rises, but also when industrial demand is strong — particularly solar panel manufacturing, electronics, and EVs. Silver typically moves 2–3× more than gold in percentage terms. If gold is up 0.5% and silver is up 1.2%, the extra industrial demand or a favourable gold-silver ratio is likely driving the outperformance.

Question 2

What is the gold-silver ratio and why does it matter for MCX?

Accepted Answer

The gold-silver ratio compares gold's price to silver's price, and tends to move within a well-known historical range. When it drifts to an extreme, traders watch for a mean-reversion move in the cheaper metal. Indian traders use this ratio to time switches between MCX Gold and MCX Silver positions.

Question 3

What is the MCX Silver Mini lot size and margin?

Accepted Answer

MCX Silver Mini has a lot size of 5 kg, quoted in ₹ per kg. At mid-2026 silver prices (~₹1,00,000/kg), one Silver Mini lot is worth approximately ₹5 lakh. SPAN margin is approximately ₹25,000–₹40,000 per lot. The Silver Micro (1 kg) requires only ₹5,000–₹8,000 margin — suitable for beginners.

Question 4

What moves MCX Silver price?

Accepted Answer

Gold-silver ratio — historically 60–80x; when ratio spikes above 80, silver is cheap relative to gold Industrial cycle — silver tracks copper in risk-on/risk-off regimes more than gold does Solar capacity additions — China solar policy directly affects silver industrial demand USD strength (inverse) India import duty and monsoon (agri income → silver buying in rural India)

Question 5

Who are the main buyers of Silver in India?

Accepted Answer

Industrial use (60% of demand) — solar panels, EVs, electronics, 5G Jewellery and silverware (India is world's largest silver importer for this) Investment demand — silver ETFs, bars and coins Green energy transition — each solar panel uses ~20g of silver; global solar buildout is a structural demand tailwind

Question 6

Who controls Silver supply globally?

Accepted Answer

Top producers: Mexico 22%, Peru 14%, China 13%, Russia 7%. Unlike gold, 70% of silver supply comes as a by-product of mining other metals (copper, zinc, lead) — supply is inelastic.

Question 7

What are the key risks in MCX Silver trading?

Accepted Answer

Silver is far more volatile than gold — easily swings 3–5% in a session. High lot value (₹30L per lot) amplifies P&L. Silver Mini (5 kg) is available for smaller capital.

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