Silver prices witnessed a notable decline on Tuesday as traders reduced their exposure amid weakening market sentiment and profit-booking activity. On the Multi Commodity Exchange, silver contracts for July delivery fell by Rs. 2,411, or 0.87 percent, settling at Rs. 2,74,240 per kilogram. The downturn reflected cautious investor behavior as participants reassessed short-term price momentum in precious metals. Analysts indicated that a combination of global uncertainty, shifting speculative positions, and fluctuating industrial demand contributed to the correction.