Moreover, profit-booking at prevailing levels by speculators weighed on silver prices.
At the Multi Commodity Exchange, silver for delivery in far-month May was trading lower by Rs 208, or 0.52 per cent, to Rs 39,581 per kg, in a business turnover of five lots.
Similarly, the white metal for delivery in March declined by Rs 194, or 0.50 per cent, to Rs 38,946 per kg, in a business volume of 509 lots.
In the international market, silver fell 0.31 per cent to USD 15.85 an ounce in Singapore today.