Silver futures continued to decline on Monday, with prices falling by Rs 1,832 to Rs 2.70 lakh per kilogram amid rising crude oil prices and a stronger US dollar.

On the Multi Commodity Exchange (MCX), silver contracts for July delivery slipped nearly 1% to Rs 2,70,054 per kg, marking the third consecutive session of losses.

Analysts said the sharp rise in crude oil prices has intensified global inflation concerns, leading to expectations that major central banks could keep interest rates elevated for a longer period. The stronger dollar and tighter monetary policy outlook weighed on sentiment for precious metals.