Silver rises by 0.3% on firm global cues

Silver prices were up by 0.30% to Rs 37,615 per kg in futures trading today as traders increased their bets amid firming global trends.

At the Multi Commodity Exchange, silver for delivery in May month moved up by Rs 111, or 0.30% to Rs 37,615 per kg in business turnover of 96 lots.

Similarly, the metal for delivery in March contracts traded higher by Rs 71, or 0.19% to Rs 37,198 per kg in 1,903 lots.

Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metal overseas and pick up in demand in the spot market.
 

Meanwhile, silver rose 0.46% to $15.38 an ounce in Singapore.