Silver futures recover by 0.2% on global cues

Silver prices recovered by Rs 52 to Rs 33,529 per kg in futures trade today after speculators enlarged positions amid firming global trends.

At the Multi Commodity Exchange, silver for delivery in December was up by Rs 52, or 0.16%, to Rs 33,529 per kg in a business turnover of four lots.

Similarly, the white metal for delivery in far-month March next year was trading higher by Rs 19, or 0.06%, to Rs 34,275 per kg in 884 lots.

Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metal overseas.

Meanwhile, silver traded 0.72% higher at $14.07 an ounce in New York yesterday.