Tracking recovery in global markets, silver rebounded by 1.51% to Rs 52,335 per kg in futures trading today.
At the MCX, the July delivery rose by Rs 776, or 1.51%, to Rs 52,335 per kg, with a business turnover of 4,961 lots.
The September contract moved up by Rs 755, or 1.43%, to Rs 53,684 per kg, with a trade volume of 311 lots.
Globally, silver rose 0.48% to $27.75 an ounce in early trading in Singapore.
Market analysts said reports of a firming trend overseas on optimism that the Federal Reserve may do more to stimulate the US economy and retreat in dollar, raising demand for precious metal as an alternative investment, mainly led to recovery in silver futures here.
