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Tracking a firm trend overseas, silver prices rose Rs 302 to Rs 37,801 per kg at the futures trade as traders built up fresh positions.
At the Multi Commodity Exchange, silver for delivery in September rose Rs 302 or 0.81 per cent to Rs 37,801 per kg in a business turnover of 1,087 lots.
Similarly, the white metal for delivery in far-month December gained Rs 272 or 0.71 per cent to Rs 38,354 per kg in 17 lots.
Analysts said fresh positions created by participants owing to a firm trend in global markets amid rising tensions between the US and North Korea, influenced silver prices at the futures trade here.
Meanwhile, silver rose 0.43 per cent to $16.50 an ounce in Singapore.
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