I have mentioned few references for your kind look at it. I believe the materials present in these documents will help you a lot in getting a detailed answer of your concern. Feel free to ask any more doubts.
Your question is about two quite different topics. Detection of an object in an image and subsequent tracking of the object. There is a great deal of ilterature on both of these topics, e.g. tens of thousands of papers in the IEEE. The detection part is more or less template matching at a basic level but there could be a probabilistic part to it since a hand is not an object of fixed size and shape. The tracking part will depend on whether you wish to track just the centroid of the hand or individual parts of the hand that have a more or less constant geometrical relationship to each other. I suggest you start with IEEE Xplore and do keyword searches, sorting by date from earliest to latest, to start with. Some classic books could also help - Duda and Hart, Bar-Shalom and Fortmann, etc.