Silver futures slide Rs 1,137 to Rs 2.36 lakh as oil rally sparks demand fears

Traders cut positions as oil strength and dollar climb collide

Silver prices fell in futures trade on Wednesday, dropping Rs 1,137 to Rs 2.36 lakh per kilogram. Traders reportedly trimmed positions as concerns grew around elevated crude oil rates that could weigh on bullion demand. The decline also coincided with a strengthening US dollar, which typically pressures dollar-priced commodities like silver.