Me: Hey dad, can I please borrow ₹4,00,000 I want to buy 1 kg of Silver
Dad: ₹3,70,000? Sorry, I don’t have ₹3,30,000 available right now and why would you spend ₹3,00,000 on silver anyway?
(Only some people will get this!)
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The Next day🌄
Dad- beta 3,00,000 diye the, silver buy kiya kya ?
Me - woh 3,50,000 ka ho gaya order daalte daalte, phir 4,00,0000 ka jab tak 50k cash add kerta aur ab 5,00,000 ka ho gaya hai
Stuck at LC today! 
Global pressure and MCX forced liquidations due to significantly higher margins blocked on Silver contracts.
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So bad MCX increase margins so suddenly without sufficient notice . I didn’t even get any intimation from Dhan who normally sends emails for these kinds of important things! 
Do they have an RSS feed to get updates or how does everyone keep track of daily margin changes? 
Edit 1:
didn’t even get any intimation from Dhan
Could be because I don’t have an existing position in Silver! 
Edit 2:
I do have a position in gold but didn’t get a notification from Dhan that the margin had increased by more than 50%. Uff! 
Coming back to silver 
- does anyone know why the lower circuit isn’t being moved down?
It has been stuck at 284044 for the Feb SILVERM contract for a few hours now, I thought the circuits were supposed to be dynamic and today’s down move was only 9%. Wasn’t the max allowed move something like 30% yesterday? 
EDIT:
From MCX website:
The Exchange has implemented a narrower slab of 4%.
Whenever the narrower slab is breached, the relaxation will
be allowed up to 6% without any coolingoff period in the
trade. In case the daily price limit of6% is also breached,
then after a cooling off period of 15 minutes, the daily price
limit will be relaxed upto 9%.
In case price movement in international markets ismore than
the maximum daily price limit (currently
9%), the same may be further relaxed in steps of 3%.
Looks like they relaxed the limits a lot yesterday for that 30% drop and none today! 
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Does anyone think gold prices are going to plummet again at tomorrow’s open?
( I’ve been tracking some NBFCs that I want to buy into, and they’re trading at a 20% discount. )
@dazzler263 No predictive powers here!
My algo just trades breakouts
If I had to guess - since gold prices have pierced the 50 DEMA maybe it would consolidate a bit, shake out weak hands and resume the uptrend. In any case we can see the uptrend is still intact on the daily TF. 
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For MCX Silver futures, the standard daily circuit / price limit is a band of 4% from the previous close, extendable in stages up to 9% and beyond in special cases.
Current structure (Silver futures on MCX)Base daily price limit: ±4% from the previous day’s settlement price for the contract.
First relaxation: If the 4% band is hit, the limit is relaxed to ±6% without any cooling‑off period.
Second relaxation: If the 6% band is also hit, after a 15‑minute cooling‑off period, the limit is relaxed further to ±9%.
Beyond 9%: If international price movement is greater than 9%, the limit can be further relaxed in additional 3% steps with regulator approval.
No international market today and so we got stuck at 9%..
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That makes sense, thanks!
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12% LC already today 
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it was a parabolic move and it wasn’t going to sustain. feel sorry for those who entered near top in FOMO.
Investors make money only when the asset price goes up. Traders make money when the asset moves up or down…