Taking weak cues from the global market, silver prices moved down by 0.35 per cent to Rs 38,837 per kg in futures trade today as participants reduced their exposure.
At Multi Commodity Exchange, silver for delivery in December fell by Rs 136, or 0.35 per cent, to Rs 38,837 per kg in business turnover of 122 lots.
Similarly, the white metal for delivery in September contracts traded lower by Rs 109, or 0.29 per cent, to Rs 38,018 per kg in 1,569 lots.
Analysts attributed the slide in silver futures to a weak trend in the precious metals overseas.
Globally, silver was trading 0.58 per cent down at USD 15.33 an ounce in Singapore.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)