Silver prices went up by 0.14 per cent to Rs 57,554 a kg in futures trade today as speculators enlarged their positions, taking positive cues from overseas.
At the Multi-Commodity Exchange, silver prices for delivery in March were up by Rs 82, or 0.14 per cent, to Rs 57,554 a kg in business turnover of 1,455 lots.
Similarly, the white metal price for delivery in May traded higher by Rs 75, or 0.13 per cent, to Rs 58,862 per kg in 60 lots.
Analysts said speculative positions created by participants, driven by a firming trend in the global markets as investors boosted holdings to a record, have mainly pushed up silver futures.
Globally, silver rose 0.20 per cent to $30.06 an ounce in Singapore.
Meanwhile, the metal has climbed 8 per cent in the overseas markets in 2012 as holdings in exchange-traded products expanded 9.4 per cent this year to 18,915.13 tonnes yesterday.