Silver prices were trading down by Rs 177 to Rs 43,247 per kg in futures trade today as traders cut down their bets at prevailing levels amid a weak global trend.
At the Multi Commodity Exchange, silver for delivery in March fell Rs 177, or 0.41 per cent, to Rs 43,247 per kg in a business turnover of 811 lots.
Similarly, the white metal for delivery in far-month May was trading lower by Rs 155, or 0.35 per cent, to Rs 43,852 per kg in 761 lots.
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Market analysts attributed the weakness in silver futures to bearish global cues.
Globally, silver traded 0.46 per cent lower at USD 18.24 an ounce in New York yesterday.
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