Silver futures down 0.5% on global cues

In the international market, metal traded 0.7% lower at $19.57 an ounce in Singapore

Silver prices fell 0.54% to Rs 45,461 per kg in futures trading today as speculators trimmed positions on weak cues from global markets.

At the Multi Commodity Exchange, silver for delivery in May 2014 traded lower by Rs 246, or 0.54%, to Rs 45,461 per kg in business turnover of five lots.

Similarly, the white metal for delivery in March declined by Rs 231, or 0.52%, to Rs 44,545 per kg in business volume of 282 lots.

In the international market, silver traded 0.70% lower at $19.57 an ounce in Singapore.

Market analysts said a weak trend in precious metals overseas amid speculation that Federal Reserve policy makers may decide to start cutting back asset purchases this week, and as a survey showed that holdings in exchange-traded products will contract further next year, led to fall in silver prices at futures trade here.