Silver futures were trading higher during the afternoon trade in the domestic market on Thursday as participants widened their bets in the precious metal tracking firm cues overseas.

Further, analysts attributed the rise in silver prices at futures trade to a firm trend in the precious metal globally amid ongoing uncertainty surrounding US Fed monetary policy and the US election and building up of fresh positions by speculators at the domestic markets ahead of the festive season.

                     At the MCX, silver futures for December 2016 contract is trading at Rs 42210 per kg, up by 0.22 per cent, after opening at Rs 42026, against a previous close of Rs 42116. It touched the intra-day high of Rs 42250 (at 14:48 hours).

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