Commodities
Silver Futures Rise on Fresh Bets and Firm Global Trend
Silver futures climbed on September 10, driven by fresh bets in the market. On the Multi Commodity Exchange, the December delivery of silver futures increased by Rs 989 in 1,192 lots. The price of silver rose 0.41 per cent to Rs 2.40 lakh per kg. Analysts attributed this rise to participants building up new positions.
According to BizzBuzz, the global trend was firm, with silver prices rising in overseas markets as well. In fact, silver futures increased by 1.17 per cent to $66.51 per ounce in the overseas market. This suggests that investors are optimistic about the future of silver, leading them to buy up more contracts.