Silver prices moved down by 0.81% to Rs 63,960 per kg in futures trade today as speculators reduced their positions amid negative cues from the global markets.
At the Multi Commodity Exchange, silver for delivery in December moved down by Rs 520, or 0.81% to Rs 63,960 per kg in business turnover of 11,178 lots.
The March contract declined by Rs 538, or 0.81% to Rs 65,681 per kg in 456 lots.
Market analysts said speculators offloaded their positions in line with a weak global trend that kept pressure on silver prices at futures trade.
Silver fell 0.9% to 34.29 dollar an ounce in Singapore.