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 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.

US retail sales data released on Tuesday showed that activity unexpectedly stalled in December, highli...