Silver slides 0.62% on negative global cues

Tracking weak cues from overseas markets, silver prices moved down by 0.62 per cent to Rs 38,315 per kg in futures trading today as speculators trimmed their positions.
At the Multi Commodity Exchange, silver for delivery in March month fell by Rs 238, or 0.62 per cent, to Rs 38,315 per kg in business turnover of 620 lots.
The white metal for delivery in May was trading lower by Rs 218, or 0.56 per cent, to Rs 38,859 per kg in 253 lots.
Traders said offloading of positions by participants on the back of weak global trend, mainly weighed on silver prices at futures trade.

Silver fell 0.51 per cent to USD 16.56 an ounce in Singapore today.