Silver moves up in futures trade

Written by PTI | New Delhi | Updated: Jul 15 2014, 17:28pm hrs
Taking positive cues from overseas markets, silver prices recovered by 0.37 per cent to Rs 45,925 per kg in futures trading today as speculators enlarged positions.

At the Multi Commodity Exchange, silver for delivery in far-month December rose by Rs 170, or 0.37 per cent, to Rs 45,925 per kg in business turnover of five lots.

Likewise, the white metal for delivery in September traded higher by Rs 148, or 0.33 per cent, to Rs 45,060 per kg in 433 lots.

Analysts said fresh positions built up by speculators at prevailing levels helped silver futures to trade higher.

Meanwhile, silver traded little changed at USD 20.82 an ounce in Singapore.