Silver prices rose Rs 203 to Rs 37,820 per kg at the futures trade as participants widened their bets amid a firm trend in precious metals overseas.
At the Multi Commodity Exchange, silver for delivery in far-month December was trading higher by Rs 203 or 0.54 per cent at Rs 37,820 per kg in a business turnover of 11 lots. Likewise, the white metal for delivery in September rallied by Rs 165 or 0.45 per cent to Rs 37,135 per kg in 834 lots.
Analysts said widening of bets by speculators in tandem with a firm trend in precious metals overseas, influenced silver prices at the futures trade.
Meanwhile, silver was up 0.36 per cent at $16.04 an ounce in Singapore.