Silver Prices traded higher to 0.30 percent on Tuesday

Silver prices traded higher by 0.30 per cent to Rs 37,981 per kg in futures market Thursday as speculators created fresh positions even as the white metal weakened overseas.

At the Multi Commodity Exchange, silver for delivery in December rose by Rs 115, or 0.30 per cent, to Rs 37,981 per kg in business turnover of 86 lots.

Similarly, the white metal for March was trading higher by Rs 77, or 0.20 per cent, to Rs 38,746 per kg in 39 lots.

Market analysts said fresh positions built up by participants mainly influenced silver prices in futures trade here but a weak trend overseas capped the losses.

Meanwhile, silver rose by 0.77 per cent at USD 14.40 an ounce in Singapore.