Silver rise 0.51% to Rs 62,322 per kg

Silver  rise 0.51% to Rs 62,322 per kg

Silver prices edged higher to Rs 62,322 per kg on November 3 as participants increased their long positions, as seen by the open interest. The precious metal pared earlier losses and traded higher tracking weakness in the US dollar in the afternoon session.

Silver had risen 1.6 percent on the COMEX on November 2.

Prices trade firm tracking recovery in gold and industrial metals on the back of safer positioning for the United States election outcome. The US dollar index traded lower at 93.69 levels, down 0.47 percent against major currencies.