New Delhi, Apr 16 (PTI) Silver prices inched higher by Rs 88 at Rs 39,015 per kg in futures trade today as speculators indulged in creating fresh positions, even as the metal weakened overseas.

At the Multi Commodity Exchange, silver for delivery in May was trading higher by Rs 88, or 0.23 per cent, at Rs 39,015 per kg in a business turnover of 366 lots.

Likewise, the white metal for delivery in far-month July rose by Rs 78, or 0.20 per cent, to Rs 39,555 per kg in 34 lots.

Market analysts said speculative positions built-up by participants at prevailing levels influenced silver futures but a weak trend overseas capped the gains.

Meanwhile, silver was down 0.03 per cent at USD 16.62 an ounce in Singapore today.

This is published unedited from the PTI feed.