Tracking a better trend in the precious metals overseas, silver prices were higher by Rs 192 to Rs 40,580 per kg in futures trade today as speculators created fresh positions.
In futures trade at the Multi Commodity Exchange, silver for delivery in December surged by Rs 192 or 0.48 per cent to Rs 40,480 per kg in a business turnover of 393 lots.
The white metal for delivery in March next year was trading higher by Rs 128 or 0.31 per cent to Rs 41,180 per kg in 5 lots.
Market analysts said speculative position built up by participants, driven by a better global trend, mainly attributed to the rise in silver prices at futures trade here.
Meanwhile, silver rose 0.79 per cent to USD 16.68 an ounce in Singapore.
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