Silver prices inched higher by Rs 33 to Rs 37,200 per kg in futures trade on Monday as speculators widened their bets ignoring a weak trend overseas.
In futures trade at the Multi Commodity Exchange, silver for delivery in December contract rose by Rs 33, or 0.09 per cent, to Rs 37,200 per kg in a business turnover of 405 lots.
The white metal for delivery in March next year was trading higher by Rs 27, or 0.15 per cent, to Rs 37,952 per kg in five lots.
Market analysts said speculative position created by participants influenced silver futures prices but a weak trend in global market as the dollar firmed, reducing the appeal of the precious metals as a safe haven.
Globally, silver fell 0.53 per cent to USD 14.09 an ounce in Singapore.
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