fair market value of silver is 59700 ,due to recent major fall ,its trading price at present is 59800 ,just 100 rs premium per micro lot.
Conservative investor stay away
but aggressive investor can go long ,with stop loss of 1000 point below ,its fair market value
basic purpose of giving FAIR MARKET VALUE of all commodities is that FMV is considered as the safest place to get in to the trade.it is considered a perfect trade set up to go long or short.
if price is constantly trading above FMV its momentum is considered long and a long trade is initiated ,quite close to its FMV.if for two to three hour due to some dip during the day.price trades below FMV even then it is considered a buy candidate ,but suppose if continually its start trading below its FAIR MARKET VALUE then it is considered (it is a week candidate) and even we can close the trade.
IF TRADE HAS BEEN INITIATED ACCURATELY FROM FMV THEN 1000/- RS STOP LOSS IS SUFFICIENT FOR EACH TRADE INITIATED but if stop loss which i have given is given that is best as they are end of day price action stop loses .
BEST OF LUCK FOR TODAY TRADING