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Silver prices fell for the third straight session and lost 0.67% to Rs 44,703 per kg in futures trading today on continued offloading of positions by speculators amid a weak global trend.
At the Multi Commodity Exchange, silver for delivery in September fell further by Rs 300, or 0.67%, to Rs 44,703 per kg in a business turnover of 341 lots.
In a similar fashion, the white metal for delivery in July declined by Rs 294, or 0.66%, to Rs 44,200 per kg in 2,399 lots.
Market analysts said speculators trimmed positions in tandem with a weak global trend that pulled down silver prices in futures trade.
Meanwhile, silver dropped 1% to $20.72 an ounce after climbing to $21.16 yesterday, the highest since March 18.
