Silver Opening Range Breakout

MCX Intermediate SILVER SILVERM SILVERMIC
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Quick Reference

Strategy Type Intraday Breakout
Market Bias Neutral (Trades Both Directions)
Timeframe 5-15 minute charts
Holding Period 30 minutes to full session
Risk Reward Ratio 1:1.5 to 1:3
Capital Required ₹15,000-75,000 depending on contract
Best Market Conditions Trending days with clear directional bias
Key Concept First 15-30 minutes establish range; breakout determines day's direction

India-Specific Notes

Contracts

SILVER 30 kg • ₹1 per kg • ₹30 per tick
SILVERM 5 kg • ₹1 per kg • ₹5 per tick
SILVERMIC 1 kg • ₹1 per kg • ₹1 per tick

Opening Range Sessions

Morning OR 9:00 AM - 9:30 AM IST • Sets tone from overnight COMEX, often gaps from previous close • Moderate - can be affected by gap fills
Evening OR 7:00 PM - 7:30 PM IST • US market open overlap, highest volume, most reliable • High - strong institutional participation

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