Silver today crossed the Rs 32,000 per-kg level to trade Rs 178, or 0.55 per cent higher, to an all-time high of Rs 32,250 per kg in futures trade on firming global cues.
Besides, covering-up of pending short positions also, helped silver to trade at record highs.
At the Multi Commodity Exchange counter, silver for March crossed Rs 32,000-level by adding Rs 178, or 0.55 per cent, to trade at an all-time high of Rs 32,250 per kg, with a business turnover of 1,412 lots.
"Apart from firming trend in global markets, boost in seasonal demand in domestic markets on account of festive and marriage season, also helped silver to hit record highs," said an analyst.
Meanwhile, in Asian region silver in spot trading gained 0.3 per cent to $20.53 an ounce, the best level in two and a half year -- March 2008.
Similarly, the metal for delivery in December moved up by Rs 175, or 0.54 per cent, to Rs 32,139 per kg, with an open interest of 38,381 lots.
Analysts said firming trend in global markets, which generally determine the precious metal prices, mainly buoyed the trading sentiment.
In addition, boost in demand on account of festive and marriage season in the domestic markets also gave a push to rising silver futures prices here, they added.
