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Commodities snapshot (precious & industrial)

The metal pack is up today. Performance this week at a glance in chart & table -

Gold:

  • Gold recovered some of the losses on a weaker dollar. Today’s range $1251-1262
  • Gold is currently trading at $1261/troy ounce. Immediate support lies at $1225, and resistance at $1272 area.

Silver:

  • Silver is testing support below $16 area. Today’s range $15.84-16.11
  • Silver is currently trading at $16.05/troy ounce. Support lies at $15.8, $15.2 & resistance at $16.6

Copper:

  • Copper is nearing resistance, might suffer selloff. Today’s range $3.06-3.09
  • Copper is currently trading at $3.06/pound, immediate support lies at, $3.01 & resistance at  $3.15

 

Gold

 +1.04%

Silver

 +1.33%

Copper

 +2.68%

 

 

 

 

 

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