Silver futures fall 1.2% on weak global trends

Silver futures for March fell Rs 643, or 1.19% to Rs 53,077 per kg in 20,656 lots.

At the Multi Commodity Exchange (MCX), the May contract lost Rs 654, or 1.18%, to Rs 54,540 per kg in 2,181 lots.

Prices fell as speculators off-loaded their positions.

Worries that the US economic stimulus may soon dry-up weakened the Silver futures trade globally.

In Singapore, Silve fell 0.20% to $28.47 an ounce, after touching a six-month low of $28.26 in the previous session.