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Silver prices fell Rs 195 to Rs 54,122 per kg at the futures trade today as speculators trimmed positions on weak cues from global markets.
Further, a weakening trend in the spot market due to subdued demand put pressure on the metal prices.
At the Multi Commodity Exchange, silver for delivery in July was down Rs 195 or 0.36 per cent at Rs 54,122 per kg with a turnover of 1,115 lots. Similarly, September contract dropped by Rs 182 or 0.33 per cent to Rs 55,504 per kg with a business turnover of 49 lots.
Analysts said a weak trend in global markets on persistent Euro zone debt troubles and strengthening of the US dollar, which reduced the appeal for precious metals, mainly put pressure on the silver futures prices here.
In addition, subdued demand at the domestic spot market also weighed down the prices, they said.
Meanwhile, the white metal fell 1.3 per cent to $27.94 an ounce in Singapore today.
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