Continuing an upward march for the second straight day, silver prices gained 0.32 per cent on the Multi Commodity Exchange today on sustained buying by speculators on expectations of a pick-up in demand.
Increased offtake by industrial users and a better trend in the US market also supported the uptrend.
Silver for the most-active September-month contract gained 0.32 per cent to Rs 22,750 per kg, on the MCX counters at 1140 hours, with an open interest in 2,966 lots.
Similarly, the metal for delivery in July moved up by 0.31 per cent to Rs 22,638 per kg, clocking 15,139 lots.
Analysts said a constant rise in silver prices was mostly due to the firming trend in overseas market.
Meanwhile, silver prices rose by 1.14 per cent to 14.44 dollar an ounce in the US last night.