Silver moves up by Rs 105 in futures trade

Silver prices were up by Rs 105 at Rs 38,116 per kg in futures trading today as speculators indulged in creating fresh positions amid a firming trend overseas.
At the Multi Commodity Exchange, silver for delivery in July was trading higher by Rs 105, or 0.28 per cent, at Rs 38,116 per kg, in a business turnover of 343 lots.
Likewise, the white metal for delivery in far-month September was trading higher by Rs 71, or 0.18 per cent, to Rs 38,562 per kg in one lot.
Market analysts said speculative positions built up by participants at prevailing levels, mainly influenced silver futures.

Meanwhile, silver was up 0.28 per cent at USD 16.25 an ounce in Singapore today.