Silver prices fell 0.21 per cent to Rs 38,277 a kg in futures trade today as speculators cut positions amid a weak trend overseas. At the Multi Commodity Exchange, silver for delivery in May moved down by Rs 81, or 0.21 per cent, to Rs 38,277 a kg in business turnover of 131 lots. Analysts said cutting down of positions by participants in line with a weak trend overseas led to the fall in futures.
Globally, silver was quoting lower by 0.43 per cent to USD 16.26 an ounce in Singapore.