Silver futures maintained its upward trend to gather 0.59 per cent in early trade today as speculators indulged in creating fresh positions, driven by a firming trend in the global markets.
At 1110 hrs on the Multi Commodity Exchange (MCX), silver for July delivery rose 0.59 per cent to Rs 21,443 per kg in a trading volume of 160 lots.
Marketmen said overnight gains in silver prices in the US markets, after sales of previously-occupied US homes fell more than expected in March and the dollar weakening, boosted demand for precious metals.
They said a pick-up in physical demand for silver also supported the rise in prices.
Meanwhile, silver futures for May delivery jumped 47 cents, or 3.8 per cent, to $12.775 an ounce on Comex yesterday.