Silver futures prices traded at an all-time higher level by adding Rs 55, or 0.17 per cent, to Rs 32,275 per kg in futures trade today on increased offtake by speculators amid firming global trend.
The metal climbed to record levels in physical markets and influenced the trading sentiment in futures market.
At the Multi Commodity Exchange platform, silver for March delivery rose Rs 55, or 0.17 per cent, to Rs 32,275 per kg, a level never seen ever before. The contract clocked a business volume of 1,426 lots.
The metal for delivery in December also edged up by Rs 37, or 0.12 per cent, to Rs 32,145 per kg, with an open interest of 38,183 lots.
Market analysts said rising demand in spot markets in view of festive season supported the silver prices in futures trading.
They said the white metal climbed by 0.59 per cent to $20.60 an ounce in the US markets, and also advised speculators to create fresh positions.
