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Silver prices rose by 0.48 per cent to Rs 43,630 per kg in futures trade today largely in tune with a rising trend in precious metals overseas amid covering-up of pending short positions by speculators.
At the Multi Commodity Exchange, silver for delivery in May traded higher by Rs 207, or 0.48 per cent, to Rs 43,630 per kg in business turnover of 1,072 lots.
Similarly, the white metal for delivery in July contracts traded Rs 212, or 0.48 per cent, higher at Rs 44,390 per kg in a turnover of 103 lots.
In the international market, silver bounced 1.10 per cent, to trade at $ 23.50 an ounce in Singapore after three sessions of losses.
Market analysts said besides short-covering by speculators, a recovery in the global market as some investors have created short positions in the past few days, influenced silver prices at futures trade here.
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