Silver futures up 0.4 % on global cues

Silver futures for March shot up by Rs 233, or 0.41%, to Rs 58,001 per kg in 468 lots.

At the Multi Commodity Exchange (MCX), the May contract traded higher by Rs 219, or 0.37%, to Rs 59,378 per kg in 43 lots.

Speculators enlarging their positions supported the silver futures.

Firming trend in the global markets ahead of the US Federal Reserve's two-day policy meeting, beginning later today that will probably press on with stimulus to bolster the world's largest recovery.

In Singapore, silver rose as much as 0.4% to $31.00 an ounce after tumbling 4.3% in the past three days.