Silver futures climb on fresh bets amid firm global trend

Silver is a shiny metal used in jewelry, coins, and electronics.

In India, people can trade silver through something called futures, which are agreements to buy or sell it at a set price in the future.

On Wednesday, the price of silver in India went up by almost one and a half percent.

That means one kilogram of silver now costs about two hundred thirty-nine thousand rupees.

Buyers stepped in and took new positions, which helped push the price higher.

The increase happened because traders were feeling confident about silver.

Silver prices also went up in other countries around the world.

Abroad, one ounce of silver now costs more than sixty-five dollars.

When many traders buy at the same time, prices often rise.

That is what happened with silver on Wednesday.