Silver futures on Thursday traded higher by Rs 482 to Rs 46,988 per kg after speculators raised bets, driven by a firm trend overseas.
Silver contracts for March delivery rose by Rs 482 to Rs 46,988 per kg in a business turnover of 2,654 lots on the Multi Commodity Exchange.
Besides, the white metal to be delivered in May jumped by Rs 574 to Rs 47,462 per kg in 42 lots.
Analysts said widening of positions by traders in sync with a firm trend overseas for precious metals mainly influenced silver prices here.
In the international market, silver traded 0.99 per cent higher at USD 18.03 an ounce in New York.