MCX Silver Signal Today
MCX Silver is India's most liquid silver futures contract, traded on the Multi Commodity Exchange in ₹ per kg. Silver has a dual identity as both a precious metal (responding to gold price action and real yields) and an industrial metal (driven by solar panel demand, electronics, and EV adoption). The gold-silver ratio — which measures how many ounces of silver it takes to buy one ounce of gold — is a widely tracked cross-market relationship that influences relative positioning between the two metals. MCX Silver standard lot size is 30 kg. SniperIQ analyses MCX Silver through its multi-factor research platform. This is analytical research, not investment advice.
Market Drivers
MCX Silver is driven by COMEX silver (XAGUSD) with the same INR overlay as MCX Gold. XAGUSD responds to: gold price direction (silver often amplifies gold moves), industrial demand data (particularly solar manufacturing PMI and semiconductor production), real interest rates, and speculative positioning from COT (Commitment of Traders) reports. The gold-silver ratio (GSR) is a mean-reversion indicator: when GSR is historically elevated (above 80–90), silver is historically cheap relative to gold and often outperforms on gold rallies.
SniperIQ Methodology
SniperIQ evaluates MCX Silver using its multi-factor analytical framework on 15-minute bars during MCX hours (09:00–23:30 IST). The research platform cross-references XAGUSD structure, the gold-silver ratio, and INR trends. Research outputs provide directional bias and key structural zones — not trade recommendations.
Frequently Asked Questions
What is MCX Silver?
MCX Silver is a silver futures contract on India's Multi Commodity Exchange, tracking COMEX XAGUSD with an INR price overlay.
What is MCX Silver lot size?
The standard MCX Silver contract is 30 kg; the mini contract is 5 kg.
What is the gold-silver ratio and why does it matter?
The gold-silver ratio measures how many ounces of silver equal one ounce of gold. A historically high ratio (80–90+) suggests silver is undervalued relative to gold and may outperform on the next precious metals rally.
Does SniperIQ cover MCX Silver?
Yes. SniperIQ provides analytical research for MCX Silver, integrating XAGUSD global structure and INR dynamics on 15-minute bars.