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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold declined as risk aversion eased and as the dollar recovers. Today’s range $1347-1334
  • Gold is currently trading at $1342/troy ounce. Immediate support lies at $1290, and resistance at $1355 area.

Silver:

  • Silver is a much better performer than the gold. Today’s range $17.02-17.30
  • Silver is currently trading at $17.18/troy ounce. Support lies at $16 & resistance at $17.5

Copper:

  • Copper is the best performer of the week. Today’s range $3.10-3.05
  • Copper is currently trading at $3.14/pound, immediate support lies at, $2.91 & resistance at  $3.21

 

Gold

 -0.59%

Silver

 +3.37%

Copper

  +2.55%

 

 

 

 

 

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