Silver futures up 0.12% on global cues

NEW DELHI, Feb 14:Tracking a firm trend overseas, silver prices edged 0.12 per cent higher to Rs 38,289 per kg in futures trade today as speculators raised bets.

At the Multi Commodity Exchange, silver for delivery in March rose by Rs 44, or 0.12 per cent, to Rs 38,289 per kg in a business turnover of 198 lots.

On similar lines, the metal for delivery in May contracts traded Rs 39, or 0.10 per cent, higher at Rs 38,799 per kg in 4 lots.

Analysts said widening of positions by traders in step with a firm trend in global markets influenced silver prices in futures trade. Silver rose 0.45 per cent to USD 16.63 an ounce in Singapore.