Silver futures for March fell by Rs 260, or 0.44% to Rs 58,801 per kg in 12,198 lots.
At the Multi Commodity Exchange (MCX), the May contract traded lower by Rs 258, or 0.43% to Rs 60,171 per kg in 60,429 lots.
Prices rose as participants trimmed positions.
Reduced offtake by traders amid a weak global trend kept pressure on silver futures trade.
In London, silver shed 0.12% to $31.98 an ounce.
