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Silver futures for July fell by Rs 108, or 0.20%, to Rs 55,080 per kg in 90 lots.
At the Multi Commodity Exchange (MCX), the May contract declined by Rs 92, or 0.17%, to Rs 53,970 per kg in 828 lots.
Prices were affected as participants trimmed their positions even as metal strengthened overseas.
Partial off-loading of positions by speculators due to subdued spot demand also had a negative impact.
However, a firming trend overseas capped the fall.
In Singapore, silver rose by 0.4% to $28.79 an ounce.
