Gold is gold but silver is no less a commodity when it comes to trading. The silver was always looked as a bullion coins or jewelry but the due to its conductive properties silver become an industrial product overnight. With ever increasing demand in industry silver became a sought after product and a lucrative commodity for trading. Ever since, traders are indulged in buying selling silver at MCX to book huge profits. Most of them rely on silver trading tips for their intraday deals but before jumping into booking the profit in silver trading you should understand the nature, demand and supply quotient of silver metal.
Silver is used in jewelry, artifact and coin making but the real demand for the metal comes from industry. Nearly 40% of all the available silver metal is used in industry as a good conductor. Now whenever there is a rise or fall in industrial demand the metal rate fluctuate in the market. So the economic trends set the tone of the metal. In the times of economic boom or growth cycle phase the demand for silver is high which makes the metal dear. Unlike gold the silver metal is available in limited quantity which makes it all the more dear in upward trends. Now when the globe sees an economic slowdown there is steep fall in the demand of the silver metal so prices fall accordingly. This is very important for traders to understand these properties of silver metal to trade successfully. It is not all, apart from these basic factors there are other important market forces which make their impact on this metal. As one cannot keep a strict vigil on everything happening around in the world economic markets so it is advisable to depend on the companies who provide you the correct picture and authentic silver trading tips.
While choosing the company to depend on for silver tips carefully note the credentials. Company should have a panel of experts who keep a constant eye on fundamental events such as industrial production, manufacturing, employment numbers and so on. Only after detailed study and a brilliant analysis one can determine the swings of silver metal.
100mcxtips.com is a pioneer in providing silver trading tips. We provide daily support and resistance levels. We also update our clients with important news and developments related to the commodity market.