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Silver prices shot up 2.68 per cent to Rs 45,050 per kg at the futures trade today after speculators enlarged their positions largely driven by a firm trend overseas.
On the Multi Commodity Exchange, silver for delivery in March shot up Rs 1,174 or 2.68 per cent to Rs 45,050 per kg in a business turnover of 2,849 lots.
Similarly, the white metal for delivery in May traded higher by Rs 1,145 or 2.55 per cent to Rs 46,000 per kg in 44 lots.
Analysts attributed the rise in silver prices at the futures trade to a firm trend in the global market as recent plunge spurred physical purchases by investors.
Meanwhile, silver traded higher at $20.14 an ounce in Singapore from $19.47 on December 31.
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