Silver, a versatile grey-white metal with unique properties, has been mined for over 5000 years, with major sources in Mexico, Peru, and China. It's also a popular trading asset and a staple in jewellery and industrial applications. With a trading unit of 30 kg, silver’s diverse applications underscore its vital role in both industry and finance.
Introduction
Silver, a grey-white metal known for its softness and malleability, has been mined for over 5,000 years, with the earliest records from Anatolia, modern-day Turkey. Today, silver extraction is a significant industry in countries like Peru, Bolivia, Mexico, China, Australia, Chile, Poland, and Serbia. Among these, Peru, Bolivia, and Mexico have been key players since 1546 and remain major producers. Mexico, Peru, China, and Australia collectively account for more than half of the world's silver supply.
While primary mines contribute roughly one-third of the global silver output, the rest is derived as a by-product of mining other metals such as gold, copper, lead, and zinc. Silver’s unique properties make it indispensable in many high-tech industries. Its excellent electrical and thermal conductivity leads to its extensive use in electronics, including conductors and connectors. Silver is also critical in solar panels, where it enhances energy efficiency, and in batteries for electronic devices. Additionally, its antimicrobial qualities find applications in medical equipment, water purification systems, and even clothing.
Factors that Impact Silver Market/Price
- Major producers' output or supply: The output from leading silver producers such as Mexico, Peru, China, and Australia significantly affects the market. Fluctuations in their production levels, whether due to operational changes or resource availability, can cause notable shifts in silver supply and prices.
- Changing scenarios in silver demand: Silver demand fluctuates based on industrial use, investment trends, and consumer preferences. For instance, the growing use of silver in electronics and renewable energy technologies can drive up demand, affecting prices.
- International silver inventory data: The levels of silver held in reserves or inventories around the world can impact market prices. High inventory levels may indicate a surplus, potentially lowering prices, while low inventories can suggest a tight market and drive prices up.
- Silver mining and production: Silver mining and production are crucial to its market dynamics. Developments such as the opening of new mines, advancements in mining technology, and unexpected closures can affect the supply and, consequently, the price of silver.
Things to Consider Before Trading in Silver
- Market volatility: Silver prices can be highly volatile, influenced by factors like global economic conditions and geopolitical events. It's crucial to understand and be prepared for potential price swings that could affect your investment.
- Cost of trading: Consider the costs associated with trading silver, including transaction fees, storage costs, and any other related expenses. These costs can affect your overall returns, so it’s important to factor them into your trading strategy.
- Regulatory environment: Familiarise yourself with the regulatory landscape governing silver trading. Regulations can vary by region and may impact trading practices, so understanding these rules is essential to ensure compliance and avoid potential issues.
- Mining dynamics: Silver mining activities directly influence market supply. Pay attention to developments such as new mining projects, technological advancements, or unexpected closures of existing mines. These factors can impact silver availability and prices.
Silver Expiry Date Calendar 2024
Contract launch calendar for silver futures contracts for the year 2024-25
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Contract Launch Months
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Contract Expiry Months
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March 2023
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March 2024
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May 2023
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May 2024
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July 2023
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July 2024
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September 2023
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September 2024
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December 2023
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December 2024
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March 2024
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March 2025
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May 2024
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May 2025
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July 2024
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July 2025
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September 2024
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September 2025
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December 2024
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December 2025
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Contract launch calendar for silver options (30kg) contracts expiring during the year 2024
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Options Contract
Launch Months
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Options Contract
Expiry Months
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Corresponding Futures
Contract Expiry Months
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March 2023
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February 2024
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March 2024
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May 2023
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April 2024
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May 2024
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July 2023
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June 2024
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July 2024
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September 2023
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August 2024
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September 2024
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December 2023
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November 2024
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December 2024
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How to Trade in Silver Mini via Angel One?
To trade silver via Angel One, follow these steps:
- Open a Demat and Trading Account: First, open a Demat and trading account with Angel One.
- Activate the Commodity Segment: Once your Demat account is ready to trade, activate the commodity segment to trade silver contracts and other commodities.
- Monitor the Market: Track exchanges like MCX (Multi Commodity Exchange) and NCDEX (National Commodity and Derivatives Exchange) to stay updated on live silver prices, market trends, and relevant news.
- Place Your Trades: Use the Angel One trading platform and leverage indicators like Bollinger Bands, RSI, and MACD to build your commodity trading strategy.
- Manage Your Risk: To control your risk and guard against big losses on your trades, use measures like stop-loss orders.
