Silver futures up 0.34 % on global cues

New Delhi: Silver prices moved up by Rs 140 to Rs 41,499 per kg in futures trade today after investors created positions largely driven by a firming trend overseas.

At the Multi Commodity Exchange, silver for delivery in far-month September moved up by Rs 140, or 0.34 percent, to Rs 41,499 per kg in business turnover of 18 lots.

On the similar lines, the white metal for delivery in July month contracts rose by Rs 122, or 0.30 percent, to Rs 41,373 per kg in 287 lots.

Market analysts attributed the rise in silver prices at futures trade to a firming trend in the global markets on concerns that a US recovery may be stalling.

Silver rose as much as 0.50 percent to USD 19.63 an ounce in Singapore today, the highest since May 26.