Tracking a firm trend overseas, silver prices were sharply trading up by Rs 249 to Rs 38,844 per kg in futures trade today as traders built up fresh positions.
At the Multi Commodity Exchange, silver for delivery in September went up by Rs 249, or 0.65 per cent, to Rs 38,844 per kg in a business turnover of two lots.
Similarly, the white metal for delivery in July was trading higher by Rs 213, or 0.56 per cent, to Rs 38,368 per kg in 417 lots.
Market analysts said fresh positions created by participants in line with a firm trend in global markets, mainly influenced silver prices at futures trade.
Meanwhile, silver rose 0.49 per cent to USD 16.52 an ounce in Singapore today.
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