Taking positive cues from overseas markets, silver prices moved up 0.84 per cent to Rs 38,295 per kg at the futures trade as participants created fresh positions.
At the Multi Commodity Exchange, silver for delivery in July rose Rs 318 or 0.84 per cent to Rs 38,295 per kg in a business turnover of 1,050 lots.
Similarly, the white metal for delivery in far-month September moved down by Rs 299 or 0.78 per cent to Rs 38,770 lots in 150 lots.
Market analysts said fresh positions built up by traders on the back of a firm trend in global markets mainly attributed to the rise in silver prices at the futures trade.
Meanwhile, silver rose 0.79 per cent to $16.59 an ounce in Singapore.