Silver futures declined Rs 34 to Rs 2,39,854 per kg on Wednesday, as market participants trimmed their positions.

On the Multi Commodity Exchange (MCX), silver contracts for December delivery fell Rs 34, or 0.01%, to Rs 2,39,854 per kg, with a business turnover of 1,658 lots.

Analysts said selling by market participants was the key factor weighing on silver prices in futures trade.