Amid weak trend in the Asian region and profit-booking by speculators, silver prices fell by 0.11% to Rs 54,678 per kg in futures trade today.
At the Multi Commodity Exchange, silver for September delivery eased by Rs 58, or 0.11%, to Rs 54,736 per kg, with a business turnover of 1,735 lots.
December delifvery fell by Rs 6, or 0.01%, to Rs 55,799 per kg, with a trade volume of 73 lots.
Analysts attributed the decline in silver futures prices to reducing of positions by speculators, after the white metal weakened in the Asian region.
Meanwhile, silver shed 0.40% to $36.56 an ounce in the Asian region.