Silver futures on Monday traded higher by Rs 296 to Rs 44,422 per kg as speculators raised their bets, driven by a firm trend overseas.
Silver contracts for March delivery rose by Rs 296, or 0.67 per cent, to Rs 44,422 per kg in a business turnover of 11,746 lots on the Multi Commodity Exchange.
Besides, the white metal for May delivery shot up by Rs 388, or 0.87 per cent, to Rs 44,913 per kg in 205 lots.
Analysts said widening of positions by traders in sync with a firm trend overseas for precious metals mainly influenced silver prices here.
In the international market, silver traded 0.22 per cent higher at USD 17.05 an ounce in New York.
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