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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 declining sharply as risk aversion eased and dollar recovers. Today’s range $1281-1292
  • Gold is currently trading at $1287/troy ounce. Immediate support lies at $1260, and resistance at $1320 area.

Silver:

  • Silver is a much better performer than the gold this week. Today’s range $16.25-16.55
  • Silver is currently trading at $16.5/troy ounce. Support lies at $16 & resistance at $17.5

Copper:

  • Copper is continuing its range trade. The best performer for the week so far. Today’s range $3.06-3.11
  • Copper is currently trading at $3.10/pound, immediate support lies at, $2.91 & resistance at  $3.21

 

Gold

 -0.39%

Silver

 +0.73%

Copper

  +1.31%

 

 

 

 

 

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