Silver lot size is the fixed quantity of silver in one MCX contract. MCX has four silver futures contracts, from 30 kg down to 100 grams, so you can pick the size that fits your capital and risk.
Quick answer: MCX silver lot size
One lot of Silver Micro (SILVERMIC) is 1 kg.
One lot of Silver Mini (SILVERM) is 5 kg.
One lot of Silver (SILVER) is 30 kg.
One lot of Silver 100 (SILVER100) is 100 grams, the smallest silver contract on MCX.
A ₹1 move per kg changes one lot by ₹1 for Silver Micro, ₹5 for Silver Mini and ₹30 for Silver.
Silver 100 is quoted per 10 grams, so a ₹1 move changes one lot by ₹10.
Trade silver with a plan, not a guess. Sign up free on AlgoTest to backtest, replay past sessions and build option strategies in one place.
MCX Silver Lot Size Table
The ₹2,00,000 per kg price is an example, not a live quote. MCX can revise contract specifications, so check the latest specs before you trade. For every other commodity, see our full MCX lot size table.
Silver Micro Lot Size (SILVERMIC)
The Silver Micro lot size is 1 kg. SILVERMIC is its trading symbol, so “silvermic lot size” and “silver micro lot size” mean the same thing.
A ₹1 move per kg changes one lot by ₹1, and 30 Silver Micro lots equal one standard Silver lot. Silver Micro trades as futures only, with no options contract.
Silver Mini Lot Size (SILVERM)
The Silver Mini lot size is 5 kg. A ₹1 move per kg changes one lot by ₹5, and 6 Silver Mini lots equal one standard Silver lot.
Silver Mini is the smallest silver contract that also has options. MCX launched these options in July 2021, which suits option traders who want less exposure than the standard contract.
Silver Lot Size (SILVER)
The standard MCX Silver lot size is 30 kg. A ₹1 move per kg changes one lot by ₹30, so this contract carries the most exposure per lot. Its options contract has the same 30 kg lot size.
Silver 100 Lot Size (SILVER100)
The Silver 100 lot size is 100 grams. MCX launched it on June 1, 2026, as its smallest silver contract.
It is quoted per 10 grams, not per kg. A ₹1 move per 10 grams changes one lot by ₹10, and 10 Silver 100 lots equal one Silver Micro lot. Silver 100 trades as futures only.
How to Calculate the Value of 1 Lot of Silver
Multiply the quoted price by the number of quote units in one lot.
At ₹2,00,000 per kg, one Silver Micro lot is worth ₹2,00,000 × 1 = ₹2,00,000.
One Silver Mini lot at the same price is worth ₹2,00,000 × 5 = ₹10,00,000.
If silver rises by ₹1,000 per kg, a long lot gains ₹1,000 on Silver Micro, ₹5,000 on Silver Mini, ₹30,000 on Silver and ₹100 on Silver 100. A ₹1,000 fall causes the same loss.
This is the full value of the contract, not the money you need to trade it. For futures, you deposit margin, which is a share of this value. Margin changes with volatility, so check the current figure in your broker’s app before you trade.
Try it free: see how one silver lot moves
Open the AlgoTest Option Simulator and select SILVER from the instrument list.
Pick a past trading day to replay, such as an evening when US inflation or jobs data came out.
Buy or sell one lot of a silver option and watch how your P&L changes as the price moves.
The Simulator uses the standard 30 kg contract. Divide the P&L by 6 to estimate one Silver Mini lot, by 30 for one Silver Micro lot, or by 300 for one Silver 100 lot.
Which Silver Lot Size Fits You?
Silver Micro and Silver 100 let you trade silver with the smallest amount of capital, but they have no options.
Silver Mini suits traders who want options with less exposure than the standard contract.
Standard Silver suits traders who are comfortable with a ₹30 change in P&L for every ₹1 move per kg.
If you are new to silver, a smaller contract keeps your risk per trade low while you learn how the market moves.
Our position size calculator guide shows how to work out how many lots fit your risk limit.
MCX Silver Options Lot Size
MCX offers options on Silver and Silver Mini. One Silver option lot covers 30 kg, and one Silver Mini option lot covers 5 kg, the same as their underlying futures. Silver Micro and Silver 100 have no options.
Option premiums are quoted per kg. If a Silver Mini call trades at ₹3,000, one lot costs ₹3,000 × 5 = ₹15,000, and a Silver call at the same premium costs ₹90,000.
Silver options expire before their underlying futures contract.
In-the-money options held to expiry turn into futures positions of the same lot size, and those futures carry delivery obligations near expiry.
To read strikes, open interest and implied volatility, see our guide on how to read the MCX option chain, or open the MCX option chain on AlgoTest (available on AlgoTest plans).
Trading silver options? Check a position’s payoff, breakeven and maximum loss (where defined) in the AlgoTest Strategy Builder before you place it.
Silver Expiry and Delivery on MCX
Silver Mini and Silver Micro futures expire on the last calendar day of February, April, June, August and November, or the working day before if that day is a holiday.
Standard Silver futures expire on the 5th of March, May, July, September and December, or the working day before if the 5th is a holiday or weekend.
Silver 100 has monthly contracts, and its delivery tender period covers the last three trading days, including expiry day.
MCX silver is settled by delivery, not cash, so positions still open at expiry go into physical delivery. If you do not want physical silver, exit early. Many brokers square off positions before the delivery period, so check your broker’s cutoff or compare commodity brokers.
Expiry dates can shift around MCX holidays, so always check the exact date in your broker’s app or the MCX contract specification.
Silver trades from 9:00 AM to 11:30 PM or 11:55 PM, depending on US daylight saving time. See MCX trading time for the full schedule.
Backtest Silver Strategies on AlgoTest
Lot size decides how much every ₹1 move costs you, so test a silver strategy at its real size before you trade it. Backtest your silver futures and options strategies on historical MCX data.
Each report, one of the most detailed available to Indian options traders, shows total and year-wise P&L, cumulative P&L against the underlying, win rate, risk-reward ratio, maximum drawdown, winning and losing streaks, Monte Carlo analysis, DTE and weekend filter performance, and downloadable trade logs.
When your rules are ready, you can run MCX silver strategies live through Zerodha on AlgoTest.
See these metrics for your own silver strategy. Sign up to get 100 Backtests free/month
Turn One Silver Lot Into a Tested Plan
Pick the contract that matches your capital and risk, from Silver 100 for the smallest steps to standard Silver for the biggest exposure. Then define your entry, exit and position size, and check how the plan holds up across calm and volatile sessions before you trade it live.
AlgoTest helps you move from an idea to a strategy you can inspect and test before deciding whether to deploy.
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Related Reading
FAQs
What is the silver micro lot size?
The Silver Micro lot size on MCX is 1 kg. A ₹1 move per kg changes the value of one lot by ₹1.
What is the silvermic lot size?
SILVERMIC is the trading symbol for Silver Micro, so its lot size is also 1 kg.
What is the silver mini lot size?
The Silver Mini lot size on MCX is 5 kg. Silver Mini options have the same 5 kg lot size.
How much is 1 lot of silver in MCX?
One lot of standard MCX Silver is 30 kg. Silver Mini is 5 kg, Silver Micro is 1 kg and Silver 100 is 100 grams.
What is the smallest silver contract on MCX?
Silver 100, with a lot size of 100 grams. It was launched on June 1, 2026, and is quoted per 10 grams.
When does Silver Micro expire?
Silver Micro futures expire on the last calendar day of February, April, June, August and November, or the working day before if that day is a holiday.
Can I trade options on Silver Micro?
No. Silver Micro and Silver 100 trade as futures only. Options are available on Silver and Silver Mini.
Is MCX silver physically delivered?
Yes. MCX silver contracts are settled by delivery, so exit before the delivery period if you do not want physical silver.