30 Jun '11, 9am

Silver moves up in futures trade on global cues

New Delhi, Jun 30 (PTI) Silver prices moved up by Rs 750 to Rs 53,166 per kg in futures trade today as speculators enlarged their positions on the back of a firming global trend. At the Multi Commodity Exchange, silver for delivery in September rose by Rs 750, or 0.47 per cent, to Rs 53,166 per kg, with a business turnover of 2,688 lots. Likewise, the metal for delivery in July traded higher by Rs 221, or 0.43 per cent, to Rs 52,142 per kg in 4,737 lots. Market analysts said increased buying by speculators following a rise in global markets mainly helped silver prices to trade higher at futures trade. Meanwhile, silver traded higher by 0.32 per cent higher at USD 34.99 an ounce in Asian region.

Full article: http://sg.news.yahoo.com/silver-moves-futures-trade-globa...

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