Weekly Outlook on Copper - 17 May 2024
Silver M Price
Access F&O data for SILVER M
Open Demat AccountSilver M Spot Price
Performance
Day Range
- Low 88879
- High 89633
Open Price |
89101 |
Previous Close |
89334 |
About Silverm
Silverm FAQs
What is the price of Silver M Today?
The Price of Silver M in MCX is 89408.00.
How to Trade in Silver M?
Open Demat Account with 5Paisa to trade in Silver M.
What is Silver M?
It likely refers to type of Mini Silver futures contract.
Which countries are the major producers of Silver?
Silver is a rare metal which is extracted through mining. The countries that are major producers of Silver are Mexico, China, Peru, Chile, Russia, Poland, Australia, Bolivia, the United States and Argentina.
What is Silver mainly used for?
As the general knowledge goes, Silver is used for jewellery making, silverware, coins, etc. It is also used in automobile parts, industrial conductor chips, green technology, etc. The new and varied uses of silver keep it in high demand.
What are the forms in which you can invest in Silver?
You can purchase Silver in physical form, i.e., as a tangible asset. You can also hold EFTs, Silver mining stocks, silver bars or silver bullions, etc.
How does Silver trading work?
Silver is a precious yet affordable metal that has high demand due to its various utilities. The forces of demand-supply, government policies, oil prices, mining activities, and import duties all influence SIlver trading in various parts of the world.
Will there be a shortage of Silver?
Due to the utilities of Silver, its demand is increasing manifold. It can be forecasted that in future, the world might face a shortage of Silver supply.