Silver futures for May moved down by Rs 325, or 0.63% to Rs 51,450 per kg in 5440 lots.
At the Multi Commodity Exchange (MCX), the July contract declined by Rs 313, or 0.59% to Rs 52,480 per kg in 342 lots.
Prices moved down as speculators offloaded their positions.
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Meanwhile, silver fell by 1.18% to $27.65 an ounce last night.