Silver futures rise 0.15% on spot demand, global cues

Silver prices were up by Rs 52 to Rs 34,780 per kg in futures trading today as speculators enlarged positions, supported by pick up in demand in the spot market amid a firm global trend.
At the Multi Commodity Exchange, silver for delivery in September month moved up by Rs 52, or 0.15 per cent to Rs 34,780 per kg in business turnover of 96 lots.
Similarly, the white metal for delivery in far-month December contracts traded higher by a similar margin to Rs 35,410 per kg in 4,347 lots.
Market analysts said speculative positions widened by participants on the back of rise in demand in the spot market amid a firm global trend, mainly influenced silver prices at futures trade.

Meanwhile, silver traded higher by 0.17 per cent to USD 14.72 dollar an ounce in London.