Tracking weak trend overseas on firming dollar, silver futures prices dropped by Rs 240, or 0.65 per cent to Rs 35,445 per kg today.
Subdued demand for the metal at the domestic markets at prevailing record levels, also weighed on the gold futures here.
At the Multi Commodity Exchange platform, silver for December delivery dropped by Rs 240, or 0.65 per cent, to Rs 35,445 per kg, with an open interest of 6,729 lots.
The metal for delivery in May also fell by Rs 236, or 0.61 per cent, to Rs 35,758 per kg, with a business volume of four lots, while delivery in March shed Rs 230, or 0.60 per cent to Rs 35,560 per kg, with an open interest of 417 lots.
Analysts said weakening trend overseas after firming dollar, following a hike in benchmark interest by China, reduced metal's appeal as an alternative investment, weighed on the silver futures.
Meanwhile, silver lost 4.14 per cent to $23.37 per an ounce in the Asian region yesterday.
