Silver Futures Soar on Fresh Speculative Bets and Global Strength

Silver prices have been rising due to fresh speculative positions aligning with stronger international spot trends. In futures trade, silver prices increased by ₹1,156 to ₹2,18,354 per kg. The white metal for September delivery rose 0.53% to ₹2,18,354 per kilogram in a business turnover of 2,206 lots.

Fresh positions built up by participants led to the rise in silver prices, according to analysts. In contrast, Comex silver futures increased 0.96% to $58.15 per ounce in the overseas market.