Silver futures edge up by 0.23% on overseas cues

Tracking a firm trend overseas, silver prices edged higher by 0.23 per cent to Rs 39,966 per kg in futures market today as speculators built up fresh positions.
At the Multi Commodity Exchange, silver for delivery in July rose by Rs 92, or 0.23 per cent, to Rs 39,966 per kg, in a business turnover of 837 lots.
Likewise, the white metal for delivery in far-month September traded higher by Rs 42, or 0.10 per cent, to Rs 40,341 per kg in one lot.
Market analysts said fresh positions created by participants in tandem with a firm trend in global cues, mainly influenced silver prices at futures trade.

Meanwhile, silver rose 0.03 per cent to USD 17.15 an ounce in Singapore.