Silver prices fell by Rs 461 to Rs 54,965 per kg in futures trading today on sustained selling by speculators in line with a weakening global trend.
At the Multi Commodity Exchange, silver for May contract fell by Rs 461, or 0.83 per cent, to Rs 54,965 per kg in business turnover of just two lots.
Likewise, the white metal for delivery in July declined by Rs 418, or 0.75 per cent, to Rs 55,640 per kg in three lots.
Market analysts said sustained selling by speculators in tandem with weakening global trend mainly led to fall in silver futures prices.
Meanwhile, silver fell by 1.05 per cent to $36.77 an ounce in Asian region.
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