Silver futures weaken by 0.28% on global cues

NEW DELHI, Aug 1: Taking cues from the global market, silver prices moved down by 0.28 per cent to Rs 38,215 per kg in futures trade today as participants reduced their exposure.
At Multi Commodity Exchange, silver for delivery in September fell by Rs 106, or 0.28 per cent, to Rs 38,215 per kg in a business turnover of 509 lots.
Likewise, the white metal for delivery in December contracts was trading lower by Rs 102, or 0.26 per cent, to Rs 39,062 per kg in six lots.
Analysts attributed the slide in silver futures to a weak trend in the precious metals overseas.
Globally, silver fell 0.32 per cent to USD 15.44 an ounce in Singapore. (PTI)