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Silver prices recovered by 0.27 per cent to Rs 36,960 per kg at the futures trading today as speculators enlarged positions even as the metal weakened overseas on strong dollar.
On the Multi Commodity Exchange, silver for delivery in May rose Rs 98 or 0.27 per cent to Rs 36,960 per kg in a business turnover of 333 lots.
Likewise, the white metal for delivery in far-month July traded higher by Rs 76 or 0.20 per cent to Rs 37,560 per kg in 22 lots.
Analysts said fresh positions built up by speculators at prevailing levels helped silver futures to trade higher but weakness in the precious metals in the global market as strengthening dollar curbed the demand, capped the gains here.
Meanwhile, silver was 1 per cent lower at $16.23 an ounce in Singapore.
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