Amid firm global trend and pick-up in domestic demand, silver prices traded higher by 0.69 per cent to Rs 49,736 per kg at the futures trade as speculators enlarged their positions.
On the Multi Commodity Exchange, silver for delivery in March rose Rs 341 or 0.69 per cent to Rs 49,736 per kg in a business turnover of 55 lots. Similarly, the white metal for delivery in December traded higher by Rs 302 or 0.63 per cent to Rs 48,428 per kg in 6,291 lots.
Market analysts said speculators enlarged their positions, tracking a firm global trend, which mainly pushed up silver prices at the futures trade.
Meanwhile, the white metal rose 2.19 per cent to $21.89 an ounce in New York last night.
