India, March 25 -- After 10 days of slumping, Silver prices surged on Wednesday by Rs.12,861 to around Rs.2.36 lakh per kg in futures trading. The surge came as the US dollar weakened and concerns over inflation were eased due to drop in prices of crude oil.

On the Multi Commodity Exchange, Silver soared by Rs.12,861, nearly six per cent, to Rs.2,36,802 for May delivery.

Analysts attributed the rebound to strong positive sentiment in global precious metals markets and a weaker US dollar, reported the news agency PTI.

"Silver's sharp rebound on Wednesday were driven by a softer US dollar and easing inflation concerns as crude oil prices corrected," PTI quoted Hareesh V, Head of Commodity Research, Geojit Investments Ltd, as saying.

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