Silver futures closed higher in the domestic market on Thursday as participants raised their bets amid firming global trends. Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metals overseas. 

At the MCX, silver futures for March 2017 contract closed at Rs 40,400 per kg, up by 0.33 %, after opening at Rs 40,460, against a previous close of Rs 40,267. It touched the intra-day high of Rs 40,678. 

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