Tracking a firming trend in global markets, silver moved up by 0.36% to Rs 56,215 per kg in futures trading today.
On the MCX, silver for delivery in May rose by Rs 199, or 0.36%, to Rs 56,215 per kg, with a business turnover of 1,326 lots.
Market analysts said reports of a firming trend overseas after the International Monetary Fund raised its global economic growth forecast, boosted the demand outlook for commodities today.
Silver, which tracks the trend in base metals, which were also trading higher today supported by the same reasons.
The July contract on MCX traded higher by Rs 175, or 0.30%, to Rs 57,882 per kg, with a trade volume of 37 lots.
Globally, silver was up 0.2% at $31.74 an ounce in early trading in Singapore.
