Silver futures up 1.81% on higher global trend

Traders build fresh positions as metal gains marginally in Singapore

Silver prices moved up by 1.81 per cent to Rs 45,849 per kg in futures market today as speculators created fresh positions on higher global trend.
    
At the Multi Commodity Exchange, silver for delivery in May rose by Rs 813, or 1.81 per cent, to Rs 45,849 per kg in business turnover of 149 lots.
    
March silver gained Rs 756, or 1.71 per cent, to Rs 44,916 per kg in 6,957 lots.
    

Analysts said fresh positions built up by speculators on the back of a higher global trend mainly led to rise in silver prices at futures trade.
    
Meanwhile, silver added 0.5 per cent to $19.95 an ounce in Singapore.