New Delhi, April 9 -- MCX silver prices witnessed weakness in today's session, reflecting cautious sentiment in the commodities market. MCX silver futures for May expiry were trading at around Rs.2,37,100 per kg, down by Rs.2,818 or 1.17%. The metal opened at Rs.2,35,850 and touched an intraday high of Rs.2,37,589, while the day's low stood at Rs.2,35,133, indicating a volatile trading range.

Experts believe that silver prices on the Multi Commodity Exchange (MCX) are expected to remain under pressure in the near term, tracking weaker safe-haven demand amid fragile ongoing ceasefire negotiations and a firm US dollar.

In the physical market, domestic silver prices are near Rs.255,000/kg as of April 9, reflecting a broader cooling trend a...