Silver Micro Futures

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

One lot of Silver Micro futures on MCX is 1 KGS. Contract value = lot size x price; you pay only a margin (a fraction of contract value) to take a position.

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

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 Micro futures page before you place an order.

MCX Silver Micro 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.

Silver Micro 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.

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

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

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

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