Silver futures crashes by 5.98 per cent

Similarly,the metal for delivery in March declined by Rs 3,738,or 5.90 per cent,to Rs 59,622 per kg,with a trade volume of 1,161 lots.

Analysts attributed fall in silver prices at futures to a weakening trend in global markets as strengthening dollar eroded demand for the precious metals as an alternative investment.

Meanwhile,silver lost 1.61 per cent to USD 35.19 an ounce in the Asian region in early trade today,while plunged by 9. 54 per cent to USD 35.84 an ounce in New York in yesterday8217;s trade.