Silver futures prices were up 0.74 per cent at Rs 35,438 per kg today, as speculators created huge positions, tracking firming trend in the Asian region.
Further, increased demand in spot markets ahead of the festive season, also influenced silver futures prices here.
The silver for delivery in December surged Rs 262, or 0.74 per cent, to Rs 35,438 per kg, with a business volume of five lots at the Multi Commodity Exchange counter.
Similarly, the metal for delivery in March gained Rs 259, or 0.73 per cent, to Rs 35,560 per kg, clocking a trade volume of just one lot.
Market Analysts said fresh buying by speculators and reports of firming trend in it prices in global markets after a weaker dollar, raised precious metals' appeal as an alternate investment and supported the rise in silver futures prices.
Meanwhile, silver traded higher 0.27 per cent to $23.56 an ounce in the Asian region.
