Silver futures climb 0.40 pc on firm global cues

Tracking a firm trend overseas, silver prices rose by 0.40 per cent to Rs 38,841 per kg in futures trading today as traders built up fresh positions.
At the Multi Commodity Exchange, silver for delivery in May rose by Rs 156, or 0.40 per cent, to Rs 38,841 per kg, in a business turnover of 83 lots.
Similarly, the white metal for delivery in far-month July was trading higher by Rs 87, or 0.22 per cent, to Rs 39,350 per kg in 597 lots.
Market analysts said fresh positions created by participants in line with a firm trend in global markets mainly influenced silver prices at futures trade.

Meanwhile, silver rose 0.45 per cent to USD 16.91 an ounce in Singapore.