The Silver M and Silver Mic contracts expiring on 30th April 2026 fall under the staggered delivery category on MCX.

These contracts enter the staggered delivery tender period 5 days prior to expiry and must be squared off before 9:00 PM on 23rd April 2026 to avoid physical delivery risk.

Important Instructions:

• These contracts must be closed before the start of the tender period to prevent delivery obligations.
• Any open positions after 9:00 PM on 23rd April 2026 may be squared off by our risk management team.
• Please ensure timely closure of positions to avoid physical settlement.
• To check applicable margin requirements, use our MCX Margin Calculator.

For any queries or support, please contact us here.