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Silver up 0.3% on global cues

Analysts said fresh positions built up by speculators, tracking a firming trend overseas, helped silver futures to rise

Press Trust of India New Delhi
Silver prices recovered by Rs 94 to Rs 36,560 per kg in futures trading today as speculators created fresh positions amidst a firming trend in overseas markets.

At the Multi Commodity Exchange, silver for delivery in May rose by Rs 94, or 0.25%, to Rs 36,560 per kg in a business turnover of 1,029 lots.

Analysts said fresh positions built up by speculators, tracking a firming trend overseas, helped silver futures to rise.

Meanwhile, silver rose by 0.4% to USD 16.34 an ounce in Singapore today.

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First Published: Mar 04 2015 | 11:56 AM IST

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