Silver prices were down 0.37 per cent at Rs 33,805 per kg at the futures trade today as speculators reduced their exposure amid a weak trend in global market.
On the Multi Commodity Exchange, silver prices for delivery in September traded lower by Rs 125 or 0.37 per cent to Rs 33,805 per kg in a business turnover of 603 lots.
Similarly, the metal for delivery in far-month December declined Rs 125 or 0.36 per cent to Rs 34,575 per kg in a business volume of 12 lots.
In the international market, silver prices fell 1.36 per cent to $14.54 an ounce in New York yesterday.
Analysts attributed the fall in silver prices at the futures trade to a weak trajectory in global markets before the Federal Reserve policy makers scheduled to meet today.