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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold is struggling to gain as it failed to break key resistance around $1350 area and due to lack of risk aversion weighs.  However, it is up this week. Today’s range $1327-1335
  • Gold is currently trading at $1328/troy ounce. Immediate support lies at $1290, and resistance at $1355 area.

Silver:

  • Silver is up in line with the gold. Today’s range $16.48-16.63
  • Silver is currently trading at $16.52/troy ounce. Support lies at $16 & resistance at $17.5

Copper:

  • Copper is the worst performer this week. Today’s range $3.10-3.06
  • Copper is currently trading at $3.07/pound, immediate support lies at, $2.91 & resistance at  $3.21

 

Gold

 +1.08%

Silver

 +1.72%

Copper

  -1.32%

 

 

 

 

 

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