At the Multi Commodity Exchange, silver for delivery in far-month July rose by Rs 182, or 0.48 per cent, to Rs 38,174 per kg, in a business turnover of 401 lots.
Market analysts said fresh positions created by participants in line with a firm trend in global markets, mainly influenced silver prices at futures trade.
Meanwhile, silver rose 0.34 per cent to USD 16.36 an ounce in Singapore.