Silver futures traded higher by 0.09 per cent at ₹39,370 per kg Monday after speculators raised bets driven by a firm trend in the domestic market.

Silver for delivery in March traded higher by ₹ 34, or 0.09 per cent, at ₹39,370 per kg in a business turnover of 17,268 lots at the Multi Commodity Exchange.

Similarly, the white metal to be delivered in May rose by ₹37, or 0.09 per cent, to ₹39,939 per kg in 2,228 lots.

Analysts said widening of positions by traders, in sync with a firm trend in domestic markets for precious metals, influenced silver prices at futures trade.

In the international market, silver, however traded lower at $15.56 an ounce in Singapore on Monday.

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