Silver futures rise 0.45% on firm global cues

Silver futures rose 0.45 per cent at Rs 40,115 per kg Tuesday after speculators raised bets, driven by a firm trend overseas.

Silver for delivery in March traded higher by Rs 179, or 0.45 per cent, at Rs 40,115 per kg in a business turnover of 15,549 lots at the Multi Commodity Exchange.

In a similar manner, the white metal to be delivered in far-month May advanced by Rs 213, or 0.53 per cent, to Rs 40,750 per kg in 2,998 lots.

Analysts said widening of positions by traders in sync with a firm trend overseas for precious metals, influenced silver prices at futures trade here.

 

In the international market, silver traded higher at USD 15.85 an ounce in Singapore.