Silver futures on Friday slumped by Rs 236 to Rs 46,587 per kg as participants cut down their bets taking weak cues from overseas markets.
On the Multi Commodity Exchange, silver contracts for March delivery tumbled Rs 236, or 0.5 per cent, to Rs 46,587 per kg in a business turnover of 10,815 lots.
In the international market, silver prices fell 0.47 per cent to USD 17.91 an ounce in New York.
Traders said the fall in silver prices in futures trade was largely in line with a weak trend in precious metals in global markets.
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