Critical Parameters for Silver Futures TradingHINDZINC FUTURESNSE_DLY:HINDZINC1!dhyanbaHere is the step-by-step guide to building your custom tracking dashboard, tailored specifically to monitor the pressure points for your MCX Silver Mini and HINDZINC positions. ### Step 1: Charting the EFP Premium (The Panic Indicator) This is the most critical chart. It will show you exactly how much of a premium European desks are demanding over the New York paper price. When this line spikes, the short squeeze is mechanically accelerating. 1. Open a new chart in **TradingView**. 2. Click on the **Symbol Search** box in the top left corner. 3. Type the following exact formula into the search bar: **`XAGUSD - SI1!`** 4. Press **Enter**. **What this does:** * `XAGUSD` is the global London Spot Silver price (the physical reality). * `SI1!` is the continuous front-month COMEX Silver Futures contract (the paper price). * By typing the minus sign, TradingView automatically calculates the spread between them second-by-second. * **How to read it:** If this line is sitting near `$0.02` to `$0.05`, the market is normal. If you see this line violently spike above `$0.20`, `$0.50`, or even `$1.00+`, it means the COMEX shorts are trapped and institutions are scrambling for physical delivery. ### Step 2: Charting the Asian Arbitrage (The Physical Floor) Since the SGE (Shanghai) is pulling the global physical supply East, charting the Chinese premium shows you the absolute floor that the MCX will eventually have to match. 1. Open a second pane or a new tab. 2. In the Symbol Search box, type: **`TVC:XAGUSD - (SHFE:AG1! / 32.15 * USDCNY)`** *(Note: This formula can sometimes be clunky depending on your data subscription, so a simpler retail method is to just watch the raw Shanghai futures).* 3. Simpler alternative: Just type **`SHFE:AG1!`** to watch the front-month Shanghai Silver futures in RMB per kilogram. **How to read it:** As long as this chart is trending higher or maintaining its massive premium over Western spot prices, the physical drain is still active. The shorts cannot escape as long as Asia keeps bidding up the floor. ### Step 3: Setting up the Domestic Tickers To track how the global plumbing is affecting your specific portfolio, you want to set up your final two panes with your direct underlying assets. 1. **The Silver Mini:** Type **`MCX:SILVERMIC1!`** to get the continuous front-month chart for the domestic mini contract. This will give you the cleanest view of the ₹2.5L and ₹2.7L targets. 2. **The Equity Proxy:** Type **`NSE:HINDZINC`** to watch the institutional equity flow.