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Silver prices fell further by 0.69 per cent to Rs 51,842 per kg at the futures trading today amid a weak trend in the Asian trade and domestic markets.
At the Multi Commodity Exchange, silver for delivery in May fell by Rs 61 or 0.69 per cent to Rs 51,842 per kg with a business turnover of 3,536 lots.
Similarly, the white metal for delivery in July declined by Rs 63 or 0.68 per cent to Rs 52,584 per kg with a business volume of 216 lots.
Market analysts attributed the fall in silver futures prices to a weak trend in the Asian trade, as nuclear crisis intensified in Japan, which prompted investors to sell bullion to cover the losses in other markets.
In addition, a weak trend in the domestic market also put pressure on the silver futures prices, they added.
Meanwhile, silver prices declined by 1.5 per cent to $33.94 an ounce in the Asian trade today.
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