Continuing their rising streak for the third straight day, silver prices rose 0.64 per cent to Rs 38,101 per kg at the futures trade today as speculators indulged in enlarging positions on the back of a firm global trend.
On the Multi Commodity Exchange, silver for delivery in March moved up by Rs 242 or 0.64 per cent to Rs 38,101 per kg in a business turnover of 1,218 lots.
Similarly, the white metal for delivery in May traded higher by Rs 212 or 0.56 per cent to Rs 38,350 per kg in 32 lots.
Analysts said enlarging of positions by speculators in tandem with a firm global trend mainly kept silver prices higher at the futures trade.
Meanwhile, the white metal was trading marginally higher at $17.27 an ounce against $17.26 yesterday in Singapore.