At the Multi Commodity Exchange, silver for delivery in May moved down by Rs 84, or 0.22 percent, to Rs 38,644 per kg in business turnover of 842 lots. Similarly, the April contract of white metal fell by Rs 80, or 0.21 percent to Rs 38,679 per kg in 1,265 lots.
Analysts said cutting down of positions by speculators in line with a weak trend overseas led to the fall in futures.
Globally, silver was quoting lower by 0.20 percent to USD 15.38 an ounce in New York.
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