Silver futures on India's Multi Commodity Exchange (MCX) rose 1.76% to ₹2.37 lakh per kilogram in Friday trade, extending the upward trajectory seen in recent sessions.
The July contract added ₹4,096 to its price, driven by a firm global trend and increased market participation.
This move follows a 0.53% gain on Thursday, when prices reached ₹2.31 lakh per kg, indicating sustained buying interest in the precious metal.
The rally is part of a broader momentum in precious metals, with gold and silver prices climbing in domestic futures markets earlier in the month amid reports of progress in peace negotiations between the United States and Iran.
Investors have been responding to emerging geopolitical developments and global market trends.
Traders will monitor whether the current momentum can sustain levels above the ₹2.35 lakh mark, with global spot prices and currency movements likely to influence near-term direction.