Silver prices on Wednesday marginally rose Rs 18 to Rs 74,536 per kilogram in futures trade as participants widened their bets on a firm spot demand.
On the Multi Commodity Exchange, silver contracts for May delivery marginally increased Rs 18 or 0.02 per cent to Rs 74,536 per kg in 22,830 lots.
Analysts said the rise in silver prices was mainly due to fresh positions built up by participants on a positive domestic trend.
Globally, silver was trading higher by 0.13 per cent at USD 24.59 per ounce in New York.
Alien Metals Ltd (LON:UFO) is a global minerals exploration and development company that will shortly make the transition to iron ore producer. The company was formed from Arian Silver in late 2018, retaining some of the companies more valuable Mexican projects before embarking on an acquisition led strategy, headed up by an excellent geological team and targeted entirely on Western Australia.