At the Multi Commodity Exchange, silver for delivery in March moved up by Rs 75, or 0.19 per cent, to Rs 39,645 per kg in a business turnover of 431 lots.
Analysts attributed the rise in silver prices to a firming trend overseas as the weak dollar boosted demand for safe-havens.
Meanwhile, silver edged higher by 0.03 per cent to USD 17.34 an ounce in Singapore.