Silver futures remain under pressure on weak global cues

Silver eased further by 0.23 per cent to Rs 35,091 per kg in futures trade today as speculators indulged in reducing their positions, tracking a weak global trend.

At the Multi Commodity Exchange, silver for delivery in September fell by Rs 81, or 0.23 per cent to Rs 35,091 per kg in a business turnover of 4,914 lots.

Similarly, December contract was trading lower by Rs 83, or 0.23 per cent, to Rs 35,871 per kg in a business volume of 55 lots.

Market analysts said offloading of positions by speculators in tandem with a weakening global trend mainly kept pressure on silver prices in futures trade.
 

Meanwhile, Silver fell 0.3 per cent to USD 15.32 an ounce in London.