Silver futures climb Rs 97 on firm global cues

Tracking a firming trend in the precious metals overseas, silver prices traded higher by Rs 97 to Rs 42,512 per kg in futures trade today as speculators raised their bets.
In futures trading at the Multi Commodity Exchange, silver for delivery in December shot up by Rs 97 or 0.23 per cent to Rs 42,512 per kg in a business turnover of 865 lots.
The white metal for delivery in March 2017 too was trading higher by Rs 88 or 0.20 per cent to Rs 42,292 per kg in 14 lots.
Market analysts said fresh position created by participants, driven by firm global trend, supported the upside in silver prices in futures trade here.

Meanwhile, silver climbed 0.37 per cent to USD 17.81 an ounce in Singapore.