Silver prices were lower by Rs 34 to Rs 38,752 per kg in futures trade after speculators cut down their holdings amid a weak trend overseas.
Silver for delivery in March was down by Rs 34, or 0.09 per cent, to Rs 38,752 per kg at the Multi Commodity Exchange. It clocked a business volume of 17,592 lots.
The white metal for delivery in May also dropped by Rs 40, or 0.1 per cent, to Rs 39,274 per kg in a business turnover of 1,541 lots.
Marketmen said profit-taking at existing levels and fresh losses in the white metal overseas, mainly pulled down silver prices in futures trade here.
Globally, in the international market, silver traded 0.12 per cent up at USD 15.45 an ounce in Singapore.