Silver prices declined marginally by 0.20% to Rs 64,655 per kg in futures trade today after speculators reduced their positions, tracking a weak trend in the global market.

At the Multi Commodity Exchange, December silver declined by Rs 130, or 0.20%, to Rs 64,655 per kg in a business turnover of 1,751 lots.

The March contract lost Rs 52, or 0.08%, to Rs 66,190 per kg in 296 lots.

Market analysts attributed the fall in silver futures prices to a weak trend overseas as concerns that Europe’s debt crisis bolster the dollar and reduce demand for the metal as an alternative investment.

Meanwhile, silver slid 0.74% to $40.45 an ounce in the Asian region. – PTI