Silver prices advanced 1.24 per cent to Rs 2,65,447 per kg in futures trade on Friday amid renewed uncertainty surrounding US trade policy.

On the Multi Commodity Exchange, silver contracts for May delivery rose by Rs 3,256, or 1.24 per cent, to Rs 2,65,447 per kg, with a business turnover of 1,208 lots.

Analysts said the uptick in silver prices was driven by fresh positions created by market participants.