Silver futures up by 0.5% to Rs 66,625 per kg on global cues

Supported with a firming trend overseas, silver prices rose by 0. 55% to Rs 66, 625 for each kg in futures trade today as speculators enlarged their positions.

At the actual Multi Commodity Exchange, silver for delivery in September rose by Rs 364, or even 0. 55%, to Rs 66, 625 per kg, with a business turnover associated with 12, 099 lots.

In a similar fashion, the metal for delivery within December moved up by Rs 349, or 0. 37%, to Rs 68, 050 for each kg, with a trade turnover of 76 lots.



Analysts attributed the continued rise in silver futures prices to some firming trend in precious metals in world markets as the global economic slowdown and European debt crisis boosted demand for silver being an investment haven.

Meanwhile, silver shot up by 1. 66% to $43. 61 an ounce within the Asian region today.