Silver prices witnessed a rise of 0.03 per cent to Rs 2.70 lakh per kg in the futures trade on Wednesday amid the West Asia crisis.
On the Multi Commodity Exchange, the white metal for July delivery increased by Rs 80, or 0.03 per cent, to Rs 2,70,199 per kilogram in a business turnover of 2,076 lots.
Fresh positions built up by participants led to a rise in silver prices, analysts said.
In the overseas market, Comex silver futures increased 1.54 per cent to USD 74.87 per ounce.
Meanwhile, gold prices on Wednesday dropped Rs 614 to Rs 1,58,466 per 10 grams in futures trade amid a fall in spot demand.
On the Multi Commodity Exchange, gold contracts for the June delivery traded lower by Rs 614, or 0.39 per cent, at Rs 1,58,466 per 10 grams in a business turnover of 1,191 lots.
Analysts attributed the fall in gold prices to weak global cues.
Globally, gold futures declined by 0.17 per cent to USD 4,475.04 per ounce in New York.
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