Silver prices advanced 0.21 per cent to Rs 40,360 per kg in futures market today as speculators created fresh positions.
At the Multi Commodity Exchange, silver for delivery in July month contract moved up by Rs 86, or 0.21 per cent to Rs 40,360 per kg in business turnover of 582 lots.
Likewise, the white metal for delivery in far-month September contracts gained Rs 65, or 0.16 per cent to Rs 40,910 per kg in 3 lots.
Market analysts attributed the rise in silver futures to fresh buying by participants.