Taking positive cues from overseas, silver futures rose by 0.4% to trade at Rs 56,935 per kg today as speculators engaged in building up positions, fuelled by a rising trend overseas.
In addition, firming trend at the domestic spot markets also influenced the metal prices at futures trade.
At the Multi Commodity Exchange, silver for delivery in September surged by Rs 148, or 0.4%, to Rs 56,935 per kg, with a trade volume of 3,349 lots.
Similarly, the metal for delivery in December moved up by Rs 102, or 0.20%, to Rs 57,994 per kg, with a trade turnover of 85 lots.
Market analysts said the rise in silver futures was mostly due to a firming trend overseas on concerns about Europe's debt crisis, spurring demand for the metal as an alternative investment.
Meanwhile, silver climbed one% to $38.54 an ounce in Asian region.
