Silver prices declined by 0.50% in the futures trade today on restricted buying by traders in view of a weakening trend in the global as well as domestic markets.
On the Multi Commodity Exchange, silver for the May contract fell by 0.50% to Rs 19,779 per kg in a trading of 2,596 lots.
The metal for the July-month contract lost 0.43% to Rs 20,040 per kg in trading of 338 lots.
Marketmen said buying activity slowed following a weakening trend in the international markets where it fell below $13 an ounce.
In the physical market here, the similar descending trend was noticed, which further further fuelled the downward trend to some extent.