Silver 100 is a smaller Silver contract, but its price drivers remain global Silver, Gold, industrial demand and USD/INR.
Check whether the live contract is sufficiently active before using it for short-term trading.
Select the variant by rupee risk and total execution cost, not by margin alone.
A smaller contract may help scale a position, while multiple lots can increase charges and spread cost.
Review expiry and settlement rules before carrying the position near maturity.

How to Select and Trade Silver 100 Futures

Silver 100 futures provide another smaller-sized route to Silver exposure. Their value lies in helping traders match contract exposure with a planned risk amount. The trade should still be based on the underlying Silver market, and the contract should be selected only after checking that liquidity and execution quality are suitable.

Analyse Silver Before Choosing the Variant

Silver responds to precious-metal factors such as Gold, the dollar, bond yields and monetary-policy expectations. It also responds to industrial-demand expectations linked to electronics, solar applications and manufacturing. USD/INR translates the international move into the domestic MCX price.

Track the active Silver benchmark alongside Silver 100. If the smaller contract's last traded price is stale or moves differently, inspect the live bid and ask rather than assuming an arbitrage opportunity.

Match the Contract to the Stop-Loss

Choose a technical invalidation level first. Calculate the price distance from entry to that level and translate it into rupee risk for one lot. Then determine how many lots, if any, fit the permitted account risk.

If the position requires many Silver 100 lots, compare the aggregate exposure and cost with Silver Micro, Silver Mini and main Silver futures. The smallest label does not always produce the lowest trading cost.

Assess Tradable Liquidity

Volume shows completed trading, OI shows outstanding positions, and the bid-ask spread shows the immediate cost of execution. All three matter. A contract can have OI from older positions but limited current volume, or display a recent last price while the available spread is wide.

Use limit orders when price control is more important than immediate execution. Avoid assuming a stop order will fill exactly at the trigger during a sharp move.

Account for Events and Expiry

US inflation, jobs and Federal Reserve events can move Silver during the MCX evening session. China-related economic data can affect industrial-metal expectations. Event exposure should be planned before entry.

As expiry approaches, participation can move to a later contract and settlement-related obligations can apply. Set an intended exit date and review the broker's policy if physical settlement is not part of the plan.

Match the Variant to the Holding Period

Execution cost has different importance for different strategies. A wide spread can consume a large part of a small intraday target, while it may represent a smaller share of a multi-session expected move. At the same time, holding for longer increases exposure to overnight global moves, currency changes and event risk.

Estimate the spread and likely slippage as a percentage of the intended target. Select Silver 100 only when both its contract size and its execution conditions fit the holding period.

Record Why Silver 100 Was Selected

Add the contract choice to the trade journal: the alternative variants reviewed, expected spread cost, rupee risk per lot and reason Silver 100 best matched the setup. This makes it possible to separate a poor market view from a poor execution choice. Over several trades, the record can show whether smaller sizing actually reduced losses or whether lower liquidity repeatedly offset the benefit.

Review the journal before standardising Silver 100 as the default contract.

Silver 100 Futures Pre-Trade Checklist

Before trading, ask:

What is driving Silver during this session?
Are international Silver and USD/INR reinforcing or offsetting each other?
Is Silver 100 liquid enough for the intended holding period?
Does another Silver variant offer better total execution?
What is the total rupee risk across all lots?
Is the position exposed to a major event or expiry deadline?

Use Silver 100 when it produces a better fit between market setup, account risk and execution quality.

FAQs

What is Silver 100 futures?

Silver 100 futures is an MCX contract to buy or sell Silver 100 at a pre-agreed price on a future date. It lets you take leveraged exposure to Silver 100 price movements without owning the physical commodity.

What is the lot size of Silver 100 futures on MCX?

One lot of Silver 100 futures on MCX is 100 GRMS. Contract value = lot size x price; you pay only a margin (a fraction of contract value) to take a position.

How is the Silver 100 futures price determined?

The Silver 100 futures price tracks the global/spot price of Silver 100, adjusted for the USD-INR rate, cost of carry and domestic demand-supply. It updates live during MCX trading hours.

What margin is required to trade Silver 100 futures?

You need SPAN + exposure margin set by MCX and your broker (typically a small percentage of contract value). The live margin is shown on the Silver 100 futures page before you place an order.

What are the trading hours for Silver 100 futures?

MCX Silver 100 futures trade Monday to Friday, 9:00 AM to about 11:30 PM IST (the evening close shifts with US daylight saving). They are closed on MCX holidays.

When does Silver 100 futures expire?

Silver 100 futures have monthly expiries. The near-month contract is the most liquid; the next few expiries are also listed. Positions can be squared off any time before expiry.

Is Silver 100 futures cash-settled or delivery-based?

Depending on the contract, Silver 100 settles by compulsory delivery or in cash at expiry per MCX rules. Most traders exit before expiry to avoid delivery obligations.

What is open interest (OI) in Silver 100 futures?

Open interest is the total number of outstanding Silver 100 futures contracts. Rising OI with rising price signals fresh long build-up; falling OI signals unwinding - use it to gauge trend strength.

Can I roll over a Silver 100 futures position?

Yes. Roll over by closing the near-month Silver 100 contract and opening the same position in the next expiry, usually around expiry day, to keep your exposure.

How do I trade Silver 100 futures on INDmoney?

Log in to INDmoney, activate MCX commodities, add margin, search Silver 100 futures, pick the expiry and place a buy or sell order.