Silver futures up on short-covering

NEW DELHI, Dec 13 (Business Standard): Silver prices rose by 0.50 per cent to Rs 56,423 55,263 per kg in futures market today, mostly on the back of covering up of short positions by speculators, even as the metal dropped to three-week low in overseas markets. At the Multi Commodity Exchange, silver for delivery in March rose by Rs 280, or 0.50 per cent, to Rs 56,423 per kg, with a business turnover of 6,245 lots. Similarly, the metal for delivery in May moved up by Rs 279, or 0.49 per cent, to Rs 57,654 per kg, with a trade volume of 221 lots.