Home > E-Series > Products > e-Silver
	e-Silver
	E-Silver is a new incarnation of silver, innovated by National Spot Exchange (NSEL), which enables investors to invest their funds into silver in smaller denomination and hold it in demat form. It is available on the pan India electronic trading platform set-up by National Spot Exchange, which can be accessed through members of NSEL or their franchises. It provided an unique opportunity to buy, accumulate, hold and liquidate "Electronic Silver (E-Silver)" as well as to convert the same into physical silver coin/ bar in a seamless manner.   Contract Specifications of E-Silver (Demat Silver Units) Commodity Details Commodity E-SILVER (Demat Silver units) Contract Symbol E-SILVER Daily contract Daily contract for trading in Demat E-SILVER units Trading Related Parameters Trading period Monday To Friday (except Exchange specified holidays) Trading session 10:00 AM to 11:30 PM Trading unit One lot of 100 demated units of E-Silver, which is equivalent to 100 grams of Silver. Price Quote/Base Value Per 100 gram Silver of 999 purity Tick size (minimum price movement) 10 paise per Trading unit Daily Price Range 5% Maximum order size 50000 units Margin Parameters Initial Margin 5% Delivery Margin 10% Special Margin In case of additional volatility, a special margin of such percentage, as deemed fit, will be imposed immediately on both buy and sale side in respect of all outstanding position, which will remain in force for the same trading day. Demat Parameters ICIN INC200000015 Market description T+2 Settlement cycle T+2 Delivery Related Parameters Delivery unit 1 lot (equivalent to 100 Demated units of E-Silver) Quality Specifications Grade: 999 and Fineness: 999 Only dematerialized units of E-SILVER are eligible for trading and delivery in this contract. Tender and Delivery day T+2 (2 working day from the date of transaction) Delivery Logic Compulsory delivery All open positions (buy and Sell trades) must result into compulsory delivery in demat form on the designated delivery day. Other conditions applicable Only such clients/ members shall create sale position in this contract, who are holding demat E-SILVER units in their account. Persons holding Silver bars/coins in physical form must not create any sale position in this contract, as it is compulsory demat settlement contract. Before creating any buy position in this contract, the client should open his beneficiary account for NSEL trading. Intraday trading and netting is permitted, but short sale is not allowed. In case of short sale, the position will be settled by buying in auction of undelivered position. For detail contract specification Click here.