Taking weak cues from overseas markets, silver prices dropped by Rs 104 to Rs 43,945 per kg at the futures trade today, as participants cut down their bets.
Moreover, profit-booking at prevailing levels by speculators weighed on silver prices.
At the Multi Commodity Exchange, silver for delivery in far-month May was trading lower by Rs 104 or 0.24 per cent at Rs 43,945 per kg in a business turnover of 151 lots.
Similarly, the white metal for delivery in March declined by Rs 67 or 0.15 per cent at Rs 43,341 per kg in a business volume of one lot.
In the international market, silver fell 0.19 per cent to $18.36 an ounce in Singapore today.
Traders attributed the fall in silver prices at the futures trade to profit-booking by speculators and a weak trend in precious metals in the global markets as the dollar's strength eroded the appeal for the precious metals as a safe haven.