In futures trading at the Multi Commodity Exchange, silver for delivery in September was trading notably higher by Rs 522, or 1.10 per cent, to Rs 47,864 per kg, in a business turnover of 2,370 lots.
Also, the white metal for delivery in far-month December was up by Rs 504, or 1.04 per cent, to Rs 49,025 per kg in 19 lots.
Analysts said speculators created fresh positions in tune with higher global trend, pushed silver prices higher at futures trade.