Silver futures for May fell by Rs 161, or 0.27%, to Rs 59,632 per kg in 59 lots.
At the Multi Commodity Exchange, the March contract traded lower by Rs 135, or 0.23%, to Rs 58,335 per kg in 1,391 lots.
Weak overseas trend, profit-booking, speculators trimming their exposures affected the silver trade.
In Singapore, silver traded a shade lower at $ 30.36 an ounce.