On the Multi Commodity Exchange, silver contracts for September delivery declined by Rs 138 or 0.19 per cent to Rs 73,430 per kg in a business turnover of 7,628 lots.
Last week, there were messages on the Reddit forum WallStreet Bets and other places on social media encouraging small investors to buy silver. The metal shot up Monday, but many of the online investors said it wasn't them bidding up the price.