Silver prices moved up by 0.54 per cent to Rs 39,600 per kg at the futures trade as traders built up fresh positions, driven by a firm trend overseas.
At the Multi Commodity Exchange, silver for delivery in September rose Rs 212 or 0.54 per cent to Rs 39,600 per kg in a business turnover of four lots.
Similarly, the white metal for delivery in July gained Rs 205 or 0.53 per cent to Rs 38,976 per kg in 495 lots.
Market analysts said fresh positions created by participants on the back of better trend in global markets mainly led to the rise in silver prices at the futures trade.
Meanwhile, silver rose 0.42 per cent to $16.88 an ounce in Singapore.