New Delhi, Jan. 28 -- Silver exchange-traded funds (ETFs) rallied sharply on Wednesday, tracking a strong surge in silver prices that jumped over 7% to fresh lifetime highs on the Multi Commodity Exchange (MCX), driven by robust buying momentum.

MCX silver price for March futures surged as much as 7.52% to hit a record high of Rs.3,83,100 per kg. Silver May futures climbed to a peak of Rs.3,95,753 per kg, while July futures scaled a new high of Rs.4,14,446 per kg.

Silver ETFs mirrored the rally in the underlying metal. Mirae Asset Silver ETF, Axis Silver ETF, Motilal Oswal Silver ETF, Zerodha Silver ETF, Aditya Birla Silver ETF and Nippon India Silver ETF gained over 6% each during the session.

Meanwhile, 360 ONE Silver ETF, Groww Silv...