Firm global cues lift silver futures by 0.21%

Silver prices moved up by 0.21 per cent to Rs 39,591 per kg in futures trading today as traders widened their exposure, in line with a firm trend overseas.
At the Multi Commodity Exchange, silver for delivery in December went up by Rs 84, or 0.21 per cent, to Rs 39,591 per kg in a business turnover of 820 lots.
On similar lines, the white metal for delivery in March contracts went higher by Rs 62, or 0.15 per cent, to Rs 40,263 per kg in 131 lots.
Market analysts said expanding of positions by participants coupled with a firm trend in global markets led to the rise in silver prices in futures trade.

Globally, silver rose 0.21 per cent to USD 16.89 an ounce in Singapore.