Silver is a rare white metal, highly conductive and corrosion-resistant, and is used in many industrial applications. Silver Micro contracts must meet Grade 999 purity standards. Traders can place orders up to 600 kg, with delivery centres in Ahmedabad, while maintaining quality specifications set by MCX.
Introduction
Silver is a versatile, soft, and malleable grey-white metal that has been mined for over 5,000 years, with its first extraction in Anatolia (modern-day Turkey). Today, silver is primarily sourced from countries like Mexico, Peru, China, and Australia, which together contribute to over half of the global production.
Silver microng occurs both as a primary operation and as a by-product of gold, copper, and zinc microng. Its unique properties, including excellent electrical and thermal conductivity, make it indispensable across various industries, from electronics to jewellery. In 2023, Mexico led global silver production, contributing 6,400 metric tons.
The demand for silver spans industrial applications, investment, and jewellery, accounting for over 95% of annual consumption. This makes silver an essential asset in global markets.
Factors that Impact the Silver Mic (Micro) Price
Here are some key factors that impact silver micro market prices:
- Demand and Supply: The price of silver is primarily driven by how much is available and how many people want it. If demand rises or supply drops, prices tend to go up. On the other hand, low demand or a large supply usually causes prices to fall.
- Import Duties: Import duties have a direct impact on silver prices. Higher import taxes increase the cost of silver, pushing up prices for traders. Lower duties, on the other hand, decrease costs, making silver more affordable.
- Gold Price Trends: Silver prices often move in line with gold. When gold prices rise, silver typically follows suit, and when gold prices fall, silver tends to dip as well.
- Short Positioning: Large investors holding short silver contracts can influence the market. When they close their short positions, the resulting demand can push silver prices upward.
- Silver Mining Output: The silver mining process is resource-heavy. If mining output decreases or production costs rise due to declining mine resources, the supply of silver drops, causing prices to increase.
- Oil Prices: Silver mining and transportation depend heavily on energy. When oil prices rise, production and transportation costs also increase, which can lead to higher silver prices.
Things to Consider Before Trading in Silver Mic (Micro)
Before diving into silver micro trading, it's essential to consider several key factors to ensure informed decision-making:
- Market Volatility: Silver Micro trading is highly sensitive to changes in global demand, geopolitical events, and currency exchange rates. Being aware of these factors is key to predicting market trends and making informed trading decisions.
- Regulatory Factors: Government policies such as trade tariffs, environmental regulations, and financial subsidies play a significant role in silver trading. Staying updated on these regulations helps traders anticipate potential market shifts.
- Economic Indicators: Keeping an eye on global economic metrics like GDP growth, industrial production, and construction levels is essential. These indicators often signal changes in demand for silver micro.
- Speculation and Market Sentiment: Silver Micro trading is influenced by investor behaviour and speculative activity in commodity markets. Understanding market sentiment and speculative actions can aid traders in managing risk and improving trade timing.
Silver Mic (Micro) Expiry Date Calendar 2024
Contract launch calendar for Silver Micro contracts for the year 2024
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Contract Launch Months
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Contract Expiry Months
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June 2024
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February 2025
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August 2024
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April 2025
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October 2024
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June 2025
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December 2024
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August 2025
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March 2025
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November 2025
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How to Trade in Silver Mic (Micro) via Angel One?
Here's how to start trading Silver Mic (Micro) with Angel One:
- Open a Demat and trading account: Start by opening a Demat and trading account with Angel One.
- Activate the commodity segment: Once your account is ready, activate the commodity segment to begin trading Silver Micro contracts and other commodities.
- Stay informed: Track live Silver Micro prices, market trends, and updates by keeping an eye on exchanges like MCX and NCDEX, which are major in India.
- Execute your trades: Use the Angel One trading platform to execute your trades based on your chosen strategy.
- Manage risk: Protect your trades by using risk management tools like stop-loss orders to minimise potential losses and control risks effectively.
