Silver prices moved down by 0.48 per cent in futures trade today following sustained selling by speculators and traders in line with the weakening trend in the global markets.
A fall in demand from industrial units in the physical markets also put pressure on the prices.
Silver for the May-month contract shed 0.48 per cent to Rs 20,274 per kg on the Multi Commodity Exchange, in a trading volume of 716 lots, while the July contract fell by 0.45 per cent to Rs 20,520 per kg in trading of 44 lots.
Marketmen said sustained selling by traders on reports of a weakening trend in the global markets, mainly led to the fall in silver prices at the futures market here.
In New York last night, silver traded lower at $12.27 an ounce.