MCX · live 09:00 to 23:30 (23:55 in winter)

Silver option chain (MCX SILVER and SILVER MINI)

Live open interest for MCX silver options — the 30 kg SILVER contract and the 5 kg SILVERM mini — with OI change since yesterday's close, IV and Greeks, PCR, max pain and the gamma walls.

Open the live silver option chain See pricing

The contracts

MCX option contracts: symbol, lot size, the unit the price is quoted in and what a one-rupee move is worth per lot
Contract	Symbol	Lot	Price quoted in	₹1 move, per lot
Silver`SILVER`	`SILVER`	30 kg	₹ per kg	₹30
Silver Mini`SILVERM`	`SILVERM`	5 kg	₹ per kg	₹5

Lot sizes as the exchange lists them on 27 October 2026; the exchange can revise them.

The two silver chains

SILVER is a 30 kg lot and SILVERM a 5 kg lot, both quoted in rupees per kilogram: a ₹1 move is worth ₹30 a SILVER lot and ₹5 a SILVERM lot. The mini is one of MCX's busiest option contracts — by 20:30 on 27 October 2026 SILVERM's options had traded over 15 million lots, more than any other commodity OIData reads.

Each monthly series is written on a silver futures month, which the chain shows as Fut; OI, PCR and the walls are read against it.

Silver's volatility

Silver options price far more volatility than gold's. On 27 October 2026 the front-month silver options carried an ATM IV of about 67% against gold's 31%, so the same move costs more premium, straddles are wider and the expected-move band on Expiry Day is broad.

Silver is both a precious and an industrial metal — solar panels and electronics are a large share of its demand — so it tends to follow gold on the dollar and rates, and to move further when industrial demand is in the news.

Reading it on OIData

The chain marks max pain and the strongest call and put strikes, and the OI change since yesterday's close says which side is writing today. Dealer Positioning puts the same open interest in ₹ crore of hedging pressure, with walls, the gamma flip and pin conviction; on 27 October 2026 silver's call wall sat at 2,00,000 and its put wall at 1,95,000.

MCX trades from 09:00 to 23:30, or to 23:55 while US clocks are on winter time (early November to mid-March), and on some equity holidays it opens for the evening session only. Silver's chain, Trending OI and screeners stay live throughout.

Open silver on OIData

Option Chain

Open interest and its change since the previous close, IV and Greeks, PCR, max pain, support and resistance — and Replay for any recorded day.

Trending OI

Call and put OI building across the strikes interval by interval from 09:00, with direction, PCR and day high/low breaks.

Session Chart

Minute candles of the future with per-strike OI beside the price, PCR, ATM IV, max pain and the day's volume bursts.

Dealer Positioning

Net GEX in ₹ crore, call and put walls, the gamma flip, pin conviction and a hedge ladder in MCX lots, every minute.

Volatility and Expiry Day

The IV term structure, skew and surface; on Expiry Day the straddle decay, expected-move band and max-pain drift.

Screeners

The Trending OI, Buildup and GEX screeners each have a Commodities tab ranking all nine side by side.

More MCX option chains

Guides

Frequently asked questions

30 kg for SILVER and 5 kg for the SILVERM mini, both quoted in rupees per kilogram.

Silver's implied volatility is usually far above gold's — about 67% against 31% for the front month on 27 October 2026 — and option premiums rise with implied volatility.

Yes. SILVERM's options are a separate contract with their own strikes and open interest; choose SILVER MINI under Commodity.

Yes. The Trending OI, Buildup and GEX screeners each have a Commodities tab that ranks all nine MCX contracts side by side.

OIData is an analytics tool, not a SEBI-registered investment adviser: the data and readings on these pages are for research and do not recommend buying or selling anything. Commodity derivatives carry substantial risk.