The Multi Commodity Exchange (MCX), which usually remains closed on weekend, was open for trading on Saturday on account of presentation of the Union Budget.
Silver contracts for March delivery rose by Rs 46, or 0.10 per cent, to Rs 47,035 per kg in a business turnover of 1,981 lots on MCX.
The white metal to be delivered in May also jumped Rs 8, or 0.02 per cent, to Rs 47,497 per kg in 31 lots.
Analysts said widening of positions by traders influenced silver prices here.
Overseas markets are closed for weekend. VHP RVK