Silver price futures down on global cues

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Silver futures moved down by Rs 105 to Rs 45,370 per kg as speculators offloaded positions. PTI Silver futures moved down by Rs 105 to Rs 45,370 per kg as speculators offloaded positions. PTI
SummarySilver futures moved down by Rs 105 to Rs 45,370 per kg as speculators offloaded positions.

Amid a weak trend in the global markets, silver futures moved down by Rs 105 to Rs 45,370 per kg today as speculators offloaded positions.

At the Multi Commodity Exchange, silver for delivery in March moved down by Rs 105, or 0.23 per cent, to Rs 45,370 per kg, with a business turnover of 463 lots.

Similarly, the metal for delivery in May traded lower by Rs 74, or 0.16 per cent, to Rs 46,370 per kg, with a business turnover of six lots.

Marketmen said offloading of positions by speculators, triggered by a weak global trend, mainly weighed on silver prices at futures trade.

Meanwhile, silver declined 0.40 per cent to USD 20.07 anounce in Singapore.

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