Silver prices fell by Rs 123 to Rs 47,675 per kg in futures trade on Wednesday as participants reduced their bets on low demand at the spot market.
On Multi Commodity Exchange, silver for delivery in December was trading lower by Rs 123, or 0.26 per cent, to Rs 47,675 per kg in a business turnover of 7,636 lots.
Globally, the silver prices were trading marginally higher by 0.01 per cent at USD 18.20 in New York.
Traders said off-loading of positions by participants at the existing level due to weak sentiment mainly weighed on silver prices.
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