New Delhi, Feb. 11 -- Silver prices saw renewed buying interest in Wednesday's trade as the March delivery futures contract on the MCX surged Rs.16,350 per kilogram, or 6.5%, to hit an intraday high of Rs.2,68,898, fully recovering from the previous day's losses.

In the international market, the spot prices have jumped 7% to the day's high of $86.32 per troy ounce.

The white metal, which remained volatile in recent sessions following a historic plunge, is now showing signs of a rebound as recent US economic data strengthened prospects of Federal Reserve rate cuts, while deteriorating confidence in US assets boosted appeal for safe-haven assets.

The gold prices also strengthened, with April futures delivery rallying Rs.3,447 per 10 gram...