Taking weak cues from the global market, silver prices moved down by 0.33 per cent to Rs 39,016 per kg in futures market today as participants reduced their exposure.
At Multi Commodity Exchange, silver for delivery in December fell by Rs 131, or 0.33 per cent, to Rs 39,016 per kg in business turnover of 2 lot.
Likewise, the white metal for delivery in September contracts was trading lower by Rs 118, or 0.31 per cent, to Rs 38,208 per kg in 226 lots.
Analysts attributed the slide in silver futures to a weak trend in the precious metals overseas.
Globally, silver fell 0.52 per cent to USD 15.39 an ounce in Singapore.
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