At the Multi Commodity Exchange, silver for delivery in May 2017 traded higher by Rs 368, or 0.92 per cent, at Rs 40,401 per kg, in a business turnover of 23 lots.
Likewise, the white metal for delivery in March next year was trading higher by Rs 346, or 0.88 per cent, to Rs 39,766 per kg in 688 lots.
Analysts said building up of positions by speculators in line with a firm trend global markets for precious metals influenced silver prices at futures trade.