Silver prices traded marginally higher by Rs 30 to Rs 20,938 a kg in futures trading today on fresh buying by speculators driven by a firm global trend.

At the Multi Commodity Exchange, silver for delivery in July rose by Rs 30 or 0.05 per cent to Rs 54,918 a kg, with a business volume of a single lot.

Likewise, the metal for delivery in May gained Rs 15 or 0.03 per cent to Rs 54,311 a kg, with an open interest of three lots.

Market analysts said fresh buying by speculators in tandem with a firming trend overseas mainly led to the rise in prices.

Meanwhile, the white metal traded 0.78 per cent higher at $36.38 an ounce in New York.

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