Tracking a weak trend overseas, silver prices fell 0.29 per cent to Rs 38,428 per kg at the futures trade today as traders trimmed their positions.
On the Multi Commodity Exchange, silver for delivery in September lost Rs 110 or 0.29 per cent to Rs 38,428 per kg with a turnover of one lot.
Similarly, the white metal for delivery in July was down Rs 72 or 0.19 per cent at Rs 37,920 per kg in a business turnover of 335 lots.
Marketmen said the fall in silver futures was mostly due to a weak trend in global markets ahead of US jobs data on Friday that may provide clues on the timing of a rate increase.
Meanwhile, silver fell 0.4 per cent to $16.45 an ounce in Singapore today.