Silver futures prices today rose up to 2.92 per cent on the Multi Commodity Exchange as traders engaged in creating fresh positions, tracking firming global trend.

Silver for delivery in May climbed 2.92 per cent to Rs 27,829 per kg with business turnover in 2 lots.

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Market analysts attributed rise in silver prices at to overnight rise of 2.3 per cent in its prices to $17 an ounce as investors bought precious metals to protect their investments after US currency fell against a basket of six major currencies.

They said surge of 0.7 per cent in gold prices also supported rise in silver prices.

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