Silver prices edged 0.12 per cent higher to Rs 38,289 per kg at the futures trade as speculators raised bets owing to a firm trend overseas.
At the Multi Commodity Exchange, silver for delivery in March rose Rs 44 or 0.12 per cent to Rs 38,289 per kg in a business turnover of 198 lots. On similar lines, the metal for delivery in May traded higher by Rs 39 or 0.10 per cent at Rs 38,799 per kg in 4 lots.
Analysts said widening of positions by traders in step with a firm trend in global markets influenced silver prices in futures trade. Silver rose 0.45 per cent to $16.63 an ounce in Singapore.