Tracking a weak trend overseas, silver prices drifted down by 0.31 per cent to Rs 40,333 per kg in futures trade today as speculators cut down their bets.
At the Multi Commodity Exchange, silver for delivery in July fell by Rs 127, or 0.31 per cent to Rs 40,333 per kg in a business turnover of 641 lots.
Analysts attributed the slide in silver to offloading of positions by participants in tandem with a subdued trend overseas.
Globally, silver fell 0.09 per cent to USD 16.66 an ounce in Singapore today.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)