Silver futures up 0.23% on higher global cues

Traders create fresh positions on firm global trends, as precious metal advances by as much as 1.4% in Singapore

Silver prices moved up by 0.23 per cent to Rs 45,282 per kg in futures trading today as speculators created fresh positions, taking a positive cues from overseas markets.

At the Multi Commodity Exchange, silver for delivery in July rose by Rs 105, or 0.23 per cent, to Rs 45,282 per kg in business turnover of 5,365 lots.

September silver traded higher by Rs 80, or 0.17 per cent, to Rs 46,086 per kg in 133 lots.     

Analysts said speculators created fresh positions influenced by a firm global trend mainly led to rise in silver prices at futures trade.
     
Meanwhile, silver advanced 1.4 per cent to $24.45 an ounce, the highest level since April 30 in Singapore.