Tracking a firm global trend and spot demand, silver prices rose by Rs 203 to Rs 57,266 per kg in futures trade today as speculators created fresh positions.
At the Multi Commodity Exchange, silver for delivery in December rose by Rs 203, or 0.36%, to Rs 57,266 per kg in a business turnover of 2,148 lots.
The September contract moved up by Rs 176, or 0.32%, to Rs 55,416 per kg in 19,452 lots.
Market analysts said fresh buying by speculators in tandem with a firming global trend, on speculation that European leaders may agree to steps to contain the debt crisis, gave the push to silver prices at futures trade.
Besides, firm demand for the metal at the domestic spot markets supported the uptrend, they said.
Meanwhile, silver edged up by 1.02% to $29.63 an ounce in London.