Tracking a weak trend overseas, silver prices moved down by 0.28 per cent to Rs 39,057 per kg in futures market today as speculators cut down their bets.
At the Multi Commodity Exchange, silver for delivery in July fell by Rs 108, or 0.28 per cent to Rs 39,057 per kg in business turnover of 818 lots.
Similarly, the white metal for delivery in far-month September contracts declined by Rs 95, or 0.24 per cent to Rs 39,625 per kg in 7 lots.
Analysts attributed the fall in silver in futures trade to offloading of positions by participants in tandem with a subdued trend overseas.
Globally, silver fell 1.37 per cent to USD 16.94 an ounce in New York in yesterday's trade.
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