DEC 19 FRIDAY

FUNDAMENTAL SCENARIO

Silver slipped on Thursday after rising to a 2 month

high the previous day.

Silver fell in New york the first time this week

as the dollar rebounded eroding the appeal of the

metal as an alternative investment.

The dollar rose as much as 1.5 % against a weighted

basket of 6 currencies.

There has been a steady increase indemand in the silver backed

exchange traded fund .

Silver for March expiry under the MCX India might see support

at Rs 17580 levels while resistence may ne at Rs 18140 to Rs

18250 levels respectively.