New Delhi: Tracking a firm global trend and firm spot demand, silver prices rose by 203 to 57,266 per kg in futures trade on 22 August as speculators created fresh positions.

At the Multi Commodity Exchange, silver for delivery in December rose by 203, or 0.36 percent to 57,266 per kg in business turnover of 2,148 lots.

Similarly, the white metal for delivery in September moved up by 176, or 0.32 percent to 55,416 per kg in 19,452 lots.

Market analysts said fresh buying by speculators in tandem with a firming global trend on speculation European leaders may agree steps to contain the debt crisis, mainly gave push to silver prices at futures trade.

Besides, firm demand for the metal at the domestic spot markets, too, supported the upside, they said.

Meanwhile, silver edged up by 1.02 percent to $29.63 an ounce in London.

Gold prices surged to near its record level by gaining 235 to 30,745 per 10 grams on 22 August buoyed by brisk buying by stockists and investors on strong global cues.