Silver futures down 0.22% on global cues

New Delhi, November 23

Silver prices moved down by 0.22 per cent to Rs 40,160 per kg in futures trade on Thursday as traders cut down their bets in line with a weak trend overseas.

At the Multi Commodity Exchange, silver for delivery in far-month March next year fell by Rs 89, or 0.22 per cent to Rs 40,160 per kg in business turnover of 48 lots.

Likewise, the white metal for delivery in December was trading lower by Rs 79, or 0.20 per cent to Rs 39,490 per kg in 389 lots.

Market analysts offloading of positions by speculators in tandem with a weak trend overseas, mainly influenced silver prices at futures trade.

Globally, silver traded 0.29 per cent lower at USD 17.08 an ounce in Singapore on Thursday. PTI