Silver futures traded lower by 0.15 per cent at Rs 38,764 per kg on Tuesday after speculators tightened their bets, driven by a cautious trend overseas.

Silver for delivery in March slipped by Rs 57, or 0.15 per cent, to Rs 38,764 per kg in a business turnover of 1,234 lots at the Multi Commodity Exchange.

In a similar manner, the white metal to be delivered in far-month May, too, dipped Rs 30, or 0.08 per cent, to Rs 39,280 per kg in 1,532 lots.

Analysts said tightening of positions by traders in sync with a muted trend on global markets for precious metals, influenced silver prices in the futures trade here.

In the international market, however, silver traded higher by 0.38 per cent at $15.49 an ounce in Singapore.