Bullion · MCX
Silver MCX buy and sell signals, with stop-losses sized for a wide-candle metal
Silver is usually described as gold's cousin. On a chart it behaves more like gold with the volume turned up. When gold gains one per cent, silver often gains two; when gold dips, silver drops harder. A large share of its demand is industrial, from solar panels to electronics, so it also reacts to factory data and base metals in a way gold never does.
WizeBuySell plots silver signals on your AmiBroker or TradingView chart at candle close: direction, entry, T1, T2, T3 and a stop-loss that trails after each target. On silver the part that needs explaining is the stop-loss, because it will look wide to anyone arriving from gold or Nifty. This page explains why it is wide and what to do about it.
Silver follows gold, then overshoots it
Watch both metals on the same evening and a pattern shows. Gold starts to move. Silver lags for fifteen to thirty minutes, then catches up with candles twice as tall and runs past where gold's move would justify. After that, part of the excess is given back. A lot of silver's losing trades are entries taken in that overshoot.
A silver signal that agrees with gold's direction on the same timeframe has something behind it. One that disagrees is usually fighting the bigger metal, and those trades tend to stall near T1. The software does not compare the two charts for you. It reads silver's own price and nothing else.
The industrial side matters on risk-off days. When copper and equities are sold hard, silver can fall while gold rises on safe-haven buying. On those days a sell signal on silver and a buy signal on gold can both be right.
Reading gold and silver side by side before a silver trade
- 01
Open both charts on one timeframe
Same interval for both, 15 or 30 minutes. In AmiBroker, tile two windows; on TradingView, use two tabs or a split layout if your plan allows it.
- 02
Note which metal signalled first
Gold first and silver a candle or two later is the ordinary sequence. Silver signalling alone, with gold flat, deserves a second look at base metals and the rupee.
- 03
Measure how far silver has already run
If silver has moved more than twice gold's percentage since gold's signal, you are probably in the overshoot. Waiting for the next candle close costs little.
- 04
Take the trade on silver's own levels
Entry, targets and stop-loss come from the silver chart only. Gold is context, not a substitute for silver's stop-loss.
What a Silver MCX signal looks like
| Symbol | Side | Entry | T1 | T2 | T3 | Stop-loss | TF | Time | Status |
|---|---|---|---|---|---|---|---|---|---|
| SILVERMCX | buy | 1,20,450.00 | 1,20,980.00 | 1,21,620.00 | 1,22,400.00 | 1,19,780.00 | 30m | 18:30 | T1 hit |
| SILVERMMCX | sell | 1,21,180.00 | 1,20,760.00 | 1,20,250.00 | 1,19,600.00 | 1,21,720.00 | 15m | 19:15 | T3 hit |
| SILVERMCX | sell | 1,19,860.00 | 1,19,380.00 | 1,18,800.00 | 1,18,050.00 | 1,20,470.00 | 30m | 20:00 | SL hit |
| SILVERMMCX | buy | 1,20,020.00 | 1,20,340.00 | 1,20,730.00 | 1,21,200.00 | 1,19,610.00 | 15m | 15:15 | Closed |
| SILVERMICMCX | buy | 1,20,690.00 | 1,21,400.00 | 1,22,250.00 | 1,23,300.00 | 1,19,790.00 | 1h | 17:00 | Active |
Illustrative rows that show the format, including a stop-loss hit. Not a track record. See how each level is calculated.
Why a tight stop-loss on silver gets hit
In the evening session an ordinary 15-minute silver candle covers ₹300 to ₹500 per kg, which is 0.25 to 0.4 per cent of price. Wicks of ₹200 appear and vanish inside a minute. A stop-loss placed closer than that is inside the noise, and noise always gets there first.
The common mistake is to shrink the stop-loss until the rupee loss fits the account. The trade is then stopped by a wick and goes on to T2 without you. The better fix is a smaller contract. MCX lists silver in more than one size; the current circular has the quantities. The smaller contract keeps the full stop-loss and cuts the rupees at risk.
A silver alert and the arithmetic behind its stop-loss
An illustrative 30-minute buy alert, in the format the software writes.
BUY SILVER @ 120450.00 | T1 120980.00 | T2 121620.00 | T3 122400.00 | SL 119780.00 | TF 30m | 18:30The stop-loss is ₹670 per kg below entry, about 0.56 per cent of price. A gold signal on the same timeframe usually risks nearer 0.3 per cent. T1 is ₹530 away and T3 is ₹1,950 away. When T1 is hit the stop-loss moves up to 120450.00.
Silver across the MCX day
| IST window | Silver's habit | What to do with a signal |
|---|---|---|
| 9:00 am to 11:00 am | Prices in the overnight COMEX move, sometimes with a gap | Wait for the first 30-minute candle to close |
| 11:00 am to 2:00 pm | Slow, overlapping candles | Expect small targets; many traders skip these hours |
| 2:00 pm to 6:00 pm | London is active, a direction often forms | Usable 15 and 30-minute signals |
| 6:00 pm to 9:30 pm | US data and COMEX volume, the widest candles | Keep the full stop-loss, reduce quantity |
| After 9:30 pm | Volume thins, moves fade | Little time left for T2 or T3 |
US data at 6:00 pm IST (7:00 pm in US winter time) hits silver harder than gold in percentage terms.
Honest limits on silver
Silver reverses violently. It can touch T1, which trails the stop-loss to entry, and come straight back through entry within the same candle. You exit flat, which is what the trailing rule is for, but it will happen often enough to test your patience.
On spike days your fill can be well beyond the plotted stop-loss. The smallest silver contracts and far-month contracts can have wide bid-ask spreads, so the entry you get may not be the entry on the alert. No accuracy percentage is published for silver.
Intraday or swing: where silver signals fit
Most silver users run 15 or 30-minute charts from 2:00 pm onwards and are flat before the close. Hourly and daily swing trades are possible, but silver's overnight gap is a bigger share of its stop-loss than gold's is. If you carry silver overnight, carry less of it.
A rough rule: on the same timeframe, one silver position carries close to twice the percentage risk of one gold position. If you trade both metals, size them so the rupee risk matches, not the lot count. Two lots of each is not a balanced book.
Questions about Silver MCX
Why are silver stop-losses wider than gold's on the same timeframe?
Because silver's candles are wider. The levels are computed on the silver chart itself, and silver typically moves about twice as far as gold in percentage terms. A stop-loss that would be sensible on gold sits inside silver's ordinary wicks. The width describes the metal; it is not a setting we chose.
Can I tighten the stop-loss the software plots on silver?
You place the order, so you can put it wherever you like. The level on the chart will not change. In our experience a tightened silver stop-loss is hit by ordinary wicks far more often, and the trade then carries on without you. If the plotted risk is too large in rupees, a smaller silver contract is the cleaner answer.
Does the software tell me when gold and silver disagree?
No, and that is a real limitation. Each chart is read on its own price. What helps is the AmiBroker Exploration scanner: put the gold and silver contracts in one watchlist and the scan lists the latest signal on each in a single table, so a disagreement is visible at a glance. On TradingView you compare two charts by eye.
Which silver contract should I run the signals on?
Run them on the contract you trade, and prefer the near-month contract with the most volume. Smaller silver contracts are useful for sizing, but check their order book first; a wide spread eats into T1. Contract quantities and expiry dates change from time to time, so take them from the current MCX circular, not from memory or an old blog post.
How many silver signals should I expect in a day?
It depends on the timeframe and the day. On a 15-minute chart an active day may give a handful, mostly after 2:00 pm, and a dead day may give none worth taking. On a 30-minute chart expect fewer. We do not promise a signal count, and a day without a clean trade is a normal outcome, not a fault.