At the Multi Commodity Exchange, silver for delivery in May dropped by Rs 405, or 0.83 per cent, to Rs 48,521 per kg in business turnover of 1,141 lots.
In a similar fashion, the white metal for delivery in March fell by Rs 382, or 0.80 per cent, to Rs 47,603 per kg in 7,183 lots.
Market analysts said a weak global trend mainly kept pressure on silver prices in futures trade.
Meanwhile, silver retreated 0.5 per cent to USD 21.86 an ounce in Singapore.