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Silver prices moved down by Rs 0.59% to Rs 54,737 per kg in futures trade today as speculators offloaded their positions, tracking a weak global trend.
At the Multi Commodity Exchange, silver for May delivery moved down by Rs 326, or 0.59% to Rs 54,737 per kg in business turnover of 10,515 lots.
The July delivery lost Rs 308, or 0.55% to Rs 55,987 per kg in 325 lots.
Market analysts said speculators offloaded their positions tracking a weak global trend, that mainly kept pressure on silver prices at futures trade.
Meanwhile, silver slipped 0.2% to $29.10 an ounce in London.
