At the Multi Commodity Exchange, silver for delivery in March dropped by Rs 444, or 1.00 per cent to Rs 43,963 per kg in business turnover of 12,620 lots.
Likewise, the white metal for delivery in May declined by Rs 438, or 0.97 per cent to Rs 44,903 per kg in 323 lots.
Market analysts said offloading of positions by speuclators in line with a weakening global trend after the Federal Reserve reduced its stimulus and on speculation demand will slow in China before the Lunar New Year holiday, mainly put pressure on silver prices at futures trade.
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