Taking positive cues from the global market, silver prices rose 0.07 per cent to Rs 39,223 per kg at the futures trade as traders created speculative positions.

At the Multi Commodity Exchange, silver for delivery in September rose Rs 29 or 0.07 per cent to Rs 39,223 per kg in a business turnover of 563 lots. Similarly, the white metal for delivery in far-month December was trading higher by Rs 10 or 0.03 per cent to Rs 39,746 per kg in two lots.

Market analysts said a firm trend in the precious metal in global market, mainly attributed to the rise in silver prices at the futures trade.

Globally, silver rose 0.12 per cent to $17.12 an ounce in Singapore.

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