Silver futures on Wednesday traded higher by Rs 217 at Rs 46,120 per kg after speculators raised bets, driven by a firm trend overseas.
Silver contracts for March delivery rose Rs 217, or 0.47 per cent, to Rs 46,120 per kg in a business turnover of 4,151 lots on the Multi Commodity Exchange.
The white metal to be delivered in May also jumped Rs 291, or 0.63 per cent, to Rs 46,715 per kg in 68 lots.
Analysts said widening of positions by traders in sync with a firm trend overseas mainly influenced silver prices here.
In the international market, silver traded 0.61 per cent higher at USD 17.85 an ounce in New York.
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