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COM: Silver plunges on US economic data
 
Silver at MCX slipped yesterday on positive US economic data and less physical buying in Asia.

But it managed to keep alive the investors interest as on weak dollar and with uncertainties in Europe's fiscal health created buoying interest in white metals.

We expect the price to remain less volatile ahead of holidays where as some bargain hunting, weakness in dollar along with persistent European debt concern and Korean crisis may support the prices.

The E- Silver opened at Rs.4501.4/100gm at NSEL today and touched a high of Rs. 4680.9/100 gm.
Source