The reason, say market players, is heavy losses suffered by traders in south India and Ahmedabad dabbling in the white metal.
The average daily trading volumes show a fall of 24 per cent in terms of open interest positions in silver futures in the domestic market on the Multi Commodity Exchange, where trading of precious metals is concentrated, in the month of May compared with April.
A bull run in silver since January this year was followed by a sudden crash in prices.
