New Delhi, Jul 4 (PTI) Tracking a firming trend overseas, silver prices traded higher by 0.30 per cent to Rs 39,828 per kg in futures trade today as speculators raised their bets.

At the Multi Commodity Exchange, silver for delivery in September went up by Rs 118 or 0.30 per cent to Rs 39,828 per kg in business turnover of 357 lots.

Likewise, the white metal for delivery in July contracts gained Rs 78 or 0.20 per cent to Rs 39,156 per kg in 5 lots.

Market analysts said speculative position created by participants and a firm global trend influenced the silver prices.

Meanwhile, silver rose 0.31 per cent to USD 16.05 an ounce in Singapore.

This is published unedited from the PTI feed.