Silver futures up 0.5% on short-covering

Silver futures for March rose by Rs 309, or 0.53%, to Rs 58,215 per kg in 4,865 lots.

At the Multi Commodity Exchange (MCX), the May contract traded higher by Rs 289, or 0.5%, to Rs 59,585 per kg in 257 lots.

Silver futures trade went up as speculators enlarged their positions.

Firming trend in the global markets influenced silver futures trade here.

In Singapore, silver climbed 0.3% to $31.50 an ounce in early trade today.