Seven-time world champion Lewis Hamilton said Mercedes' form in Hungary on Sunday fueled his hopes of earning his first Formula One win of the season when he returns from the August break.

The Briton finished second ahead of teammate George Russell at the Hungaroring, with the pair chalking up their second successive double podium.

The latest in a string of encouraging performances followed Russell's first pole position on Saturday, which was also Mercedes’ first since last year’s Saudi Arabian Grand Prix.

"If we are able to take this pace into the second half of the season, for sure we can start to fight with the guys,” Hamilton told reporters, saying finishing in second place behind Red Bull winner Max Verstappen was "hugely satisfying."

"This is the first time we’ve been able to fight and battle with the Ferrari.

"That’s huge for us,” added the 37-year-old, who started seventh after suffering a problem with his rear wing Drag Reduction System (DRS) in qualifying.

The Hungarian weekend offered the clearest sign yet that Mercedes, who have struggled to get to grips with the sweeping rule changes introduced this year, are on the verge of rediscovering their groove.

The reigning champions are now just 30 points behind Ferrari and, with the Italian team’s challenge imploding, could even snatch second from the Maranello-based outfit in the overall standings.

Hamilton, who has won a record 103 races, acknowledged Red Bull had the faster car on Sunday, with Verstappen starting 10th, spinning and still going on to win.

But, he added, Mercedes could have won had both cars started near the front.

"I think this weekend there was a potential for the win," he said.

"We still have made huge progress and huge steps and so to have this consistency and two double podiums in these last two races, gives us great hope and a huge push for the second half."

The season resumes in Belgium on Aug. 28.