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Silver futures slide by 0.3% on global cues

Traders cut down their bets at prevailing levels amid a weak global trend

Silver futures slide 0.34% on global cues

Press Trust of India New Delhi
Silver prices softened by 0.34% to Rs 37,104 per kg in futures trade today as traders cut down their bets at prevailing levels amid a weak global trend.

At Multi Commodity Exchange, silver for delivery in March fell by Rs 126, or 0.34% to Rs 37,104 per kg in a business turnover of 580 lots.

Similarly, the white metal for delivery in far-month May contracts was trading lower by Rs 89, or 0.24%, to Rs 37,486 per kg in 59 lots.

Market analysts attributed the weakness in silver futures to a bearish global cues.

Globally, silver traded marginally 0.03% lower at $15.20 an ounce in Singapore.
 

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First Published: Feb 25 2016 | 11:13 AM IST

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