SILVER decision time

Silver, Copper and Gold are all in UC in MCX. I think government is planning some import duty hikes.

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Silver Fut fell 14% in 1 hour

Anyone aware why all of sudden crash in silver and gold… any back channel deals between US and Iran ? But US market also falling :roll_eyes: what’s going on

Up above the world so high, like a Silver :2nd_place_medal: in the sky :joy: up again to 4 lakhs+

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Anyone bought the dip. I plan to buy the dip long time. But couldn’t press the buy button :confounded:

May be today it etf is 10 percent lower. To the extent of 50 percent of qty i sold yesterday.

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Silver etf? No plans as of now. Was riding waves in Jan Silver Fut.

No. Futures.

jan expired right? How to rollover? Premium is very high.

What specific etf? Any idea why TATSILV is trading at huge discount(7% to iNAV last close) compared to peers?

Correct. In Jan, Feb Silver fut and March Gold Fut. First wave in Jan I was in Gold Feb fut.

Everything is for a reason. I don’t try to break my head on such things.
Also mcx silver is overpriced compared to dollar. Even there I won’t break my head to find out why. Price depends on demand and supply and i will respect that.

How is it overpriced though? It’s futures right. It’ll always trade at a premium.

USD price into exchange rate. This will give you price per ounce. One Troy ounce is 31.1 grams. So convert price per gram. Then multiple with 1000 grams to calculate cost of 1kg. Now am too lazy to proceed further to show calculation. Will use chat gpt. :grin:

After this value add interest at 7 to 8 percent per annum to adjust to future price.