Silver continued its winning streak and advanced by 0.69% to Rs 60,863 per kg in futures trade today, taking positive cues from global markets amid rising spot demand.
At the Multi Commodity Exchange, silver for delivery in December rose by Rs 416, or 0.63%, to Rs 60,863 per kg, with an open interest of a single lot.
Similarly, the white metal for delivery in May gained Rs 389, or 0.67%, to Rs 58,325 per kg, with a business volume of two lots.
Analysts said besides a firming trend overseas, as financial turmoil in Europe and fighting in Libya bolstered its demand, domestic demand at the spot market also pushed silver futures prices upward.
Meanwhile, silver gained 0.70% to trade at highest level since 1980 of $39.97 an ounce in Asian region.
