Tracking a weak global trend, silver prices fell by 0.21 per cent to Rs 35,222 per kg in futures trading today as traders reduced their bets.
Profit-booking at prevailing levels also weighed on silver prices.
At the Multi Commodity Exchange, silver for delivery in March month declined by Rs 74, or 0.21 per cent, to Rs 35,222 per kg in business turnover of 4,574 lots.
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Similarly, the white metal for delivery in far-month May contracts shed Rs 65, or 0.18 per cent, to Rs 35,552 per kg in 133 lots.
Analysts attributed the fall in silver prices in futures trade to a weak trend in precious metals in global markets on speculation that its rally to a three-month high was overdone after the Federal Reserve said interest-rate increases will depend on how the US economy performs.
Globally, silver fell 0.5 per cent to USD 14.41 an ounce in London.
