Taking positive cues from overseas markets, silver prices rose 0.31 per cent to Rs 38,793 per kg at the futures trade as participants raised their bets.
At the Multi Commodity Exchange, silver for delivery in March gained Rs 120 or 0.31 per cent to Rs 38,793 per kg in a business turnover of 1,033 lots. Similarly, the white metal for delivery in May contracts was trading higher by Rs 122 or 0.31 per cent at Rs 39,265 per kg in 24 lots.
Analysts said widening of positions by participants in line with a firm global trend influenced silver prices at the futures trade. Globally, silver rose 0.24 per cent to $16.70 an ounce in Singapore.