Think for Investment in Mcx Silver Commodity … !
These days, you can find a lot of retail investors and traders are moving for the MCX market. the mutual commodity trading market has really opened up so many ways for these people. Before, they use to only trade for the commodities like silver and gold and now the whole scenario have changed to an exponential limit. These days, you can also find several details related to this market easily online. the internet has offered us a great chance to get more details about the MCX market and this is also what making things easier for the traders and investors. And when you are thinking about MCX silver, you need to know a few things beforehand. If you are into this market for quite some time now, they there is always a chance that you have tried to trade with the silver.
But for the new comers to this market, knowing more about the MCX silver can always offer them a great chance to secure more profit. Most importantly after gold, silver is considered as the most beneficial commodity in this market. so, having right kind of idea about the MCX silver can always offer you the chance to make more profits while dealing with this type of commodity. First of all, we will look for the supply and demand for MCX silver. If you will look for the year 2011, then you can find that it was the time when the demand for silver fabrication was 876.6million ounces which was less with comparison to the data of 2010.
But when you look for the global silver market for 2011 you can find that this has grown to 67 percent to 95.7 percent. It was also the time when silver coin fabrication has raised about nineteen percent. During the same year the mining production for silver has increase to 1.4% globally and this has achieved the new milestone for 761.6Moz during that year as well. During the same year, the supply of silver scrap has gone up to 12 percent. All you need to compare all these things with the Indian scenario for silver market and you can do this while collecting more data about MCS silver. Commodity exchange market is the market, where various buyers and sellers trade on commodities.
MCX is one of the India’s top commodity exchanges in the future market with the market share of about 80% deals. MCX acts as the central system for trading between different future positions (long or short) taken by the buyer and seller respectively. It was established in 2003 in Mumbai, India with the aim of helping India’s producers and the consumers of the commodities to mitigate the risk of price volatility. Since then, the trading on the MCX platform keeps on increasing and over 2000 members are involved in the commodity trading through MCX.
Many key shareholders are involved in the MCX like Financial Technologies ltd, National bank for agricultural and rural development (NABARD), National stock exchange of India, Bank of Baroda, HDFC bank and many others. It also formed strategic alliances with international exchanges like Dalian Commodity Exchange (DCE), Baltic exchange, London Metal Exchange (LME) and Taiwan futures exchange (TAIFEX) with the aim of integrating the international commodities exchange market. MCX, since its inception has recorded highest daily turnover of exchange among all commodity exchange trade. In 2009, MCX was announced as the world’s sixth fastest growing future commodities exchange and the world’s third largest in terms of the number of contracts traded in the year in the year 2012. Worldwide, it is 1st in silver trading, 2nd in natural gas and 3rd in crude oil and gold in India, the highest trading is on gold.
It was the first to get listed among all commodity exchanges. MCXCOMDEX is the only future price index of India. MCX provides many other facilities like CTCL (computer to computer link) in which the trading members associated with the MCX can use their own front end software suiting their operating system to trade and can also customize as per their requirement. MCX is also known as it capability of fair price discovery and risk management tools.