Silver futures slip on weak global cues

London (Oct 17)  Silver prices fell by Rs 66 to Rs 45,160 per kg in futures trade on Thursday as speculators reduced their bets in line with weak global trend.

At Multi Commodity Exchange, silver for delivery in December traded lower by Rs 66, or 0.15 per cent at Rs 45,160 per kg in a business turnover of 2,526 lots.

Also, the white metal for delivery in March next year was quoting lower by Rs 74, or 0.16 per cent at Rs 46,100 per kg in a business volume of 10 lots.

In the international market, silver fell 0.13 per cent to $17.41 an ounce in New York.

Analysts said, weak trend in precious metals in global markets and trimming of positions by speculators weighed on silver futures here.

ETmarkets