Silver Mini 30 Nov Fut

MCX Silver is quoted in rupees per kilogram. Silver Mini and Silver Micro contracts offer smaller lot sizes.

Silver is both a precious metal and an industrial metal used in solar panels, electronics and EVs. That dual demand, combined with a smaller market size, makes its price swings sharper.

Silver often moves in the same direction as gold, but usually with bigger swings. Because of its industrial demand, it can also diverge from gold when economic growth expectations change.

The ratio shows how many units of silver equal the price of one unit of gold. Traders watch it to judge whether silver looks cheap or expensive relative to gold.

Global silver prices, industrial demand, the USD-INR rate, interest rate expectations and movements in gold all influence MCX Silver.

MCX Silver is a leveraged futures contract with fixed lot sizes and expiry dates. Silver ETFs let you invest in silver without leverage or expiry, much like buying a mutual fund unit.