MCX Silver futures contract trades lower today as market players engaged in trimming positions against the backdrop of weak global trends.
At the Multi Commodity Exchange, silver for delivery in May was trading at Rs 37,855 down Rs 136, or 0.36 percent. Silver rates hit an intraday high of Rs 37915 and an intraday low of Rs 37829. So far 974 futures contracts have been traded on MCX.
In the international market, silver futures for May delivery dipped 0.5 cents, or 0.03%, to trade at $16.97 a troy ounce.