Silver futures gain 0.52% on global cues

New delhi: Buoyed by a firming trend overseas, silver prices traded higher by 0.52 per cent to Rs 41,715 per kg in futures trade today as speculators widened their positions.

At the Multi Commodity Exchange, silver for delivery in far-month May moved up by Rs 216, or 0.52 per cent to Rs 41,715 per kg in business turnover of 7 lots.

In a similar fashion, the white metal for delivery in March contracts was trading higher by Rs 200, or 0.49 per cent to Rs 41,160 per kg in 389 lots.

Analysts said increasing of positions by participants amid a firming trend overseas, mainly attributed the rise in silver prices at futures trade.

Globally, silver rose 0.42 per cent to USD 16.84 an ounce in Singapore today.