The significance and symbolism behind Saruman's choice of the White Hand are difficult to unravel. The white of the hand suggests a connection with the Wizard's traditional colour and title of 'Saruman the White' (though by the time of the War of the Ring, Saruman was referring to himself as 'Saruman of Many Colours', so even this connection is open to question).
Saruman's choice of a hand as his emblem is never explained, and there are various possibilities. Perhaps it represents Saruman's place as the 'hand' of Sauron, though our only detailed description of the hand has it with a pointing finger, which seems to suggest direction or control rather than subservience to the Dark Lord. Perhaps it suggests an opposite to Sauron's Black Hand (though Sauron was only called the 'Black Hand' by Gollum, and it's far from clear whether this was a general title). Alternatively, it may connect to the fact that the name 'Saruman' (and its Elvish equivalent Curunír) means 'Man of Craft', with the hand representing Saruman's skill in making, and the pointing finger suggesting progress or achievement. Ultimately we can do no more than conjecture in this area.
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