Silver futures up on global cues

NEW DELHI, July 1:  Silver prices edged higher by 0.60 per cent to Rs 44,380 per kg in futures trade today after speculators enlarged their positions largely driven by a firming trend overseas.
At the Multi Commodity Exchange, silver for delivery in July was up by Rs 266, or 0.60 per cent, to Rs 44,380 per kg in business turnover of 96 lots.
Similarly, the white metal for delivery in September contracts traded higher by Rs 267, or 0.59 per cent, to Rs 45,163 per kg in 238 lots.
Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metals overseas.
Meanwhile, silver traded 0.43 per cent higher at USD 20.96 an ounce in New York in yesterday’s trade. (PTI)