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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold testing key support around $1290 area. Getting some bids over risk aversion and as dollar weakens. Today’s range $1306-1292
  • Gold is currently trading at $1305/troy ounce. Immediate support lies at $1260, and resistance at $1320 area.

Silver:

  • Silver is up in line with the gold this week. Today’s range $16.34-16.61
  • Silver is currently trading at $16.61/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 $3.06-3.1
  • Copper is currently trading at $3.09/pound, immediate support lies at, $2.91 & resistance at  $3.21

 

Gold

 +1.01%

Silver

 +1.40%

Copper

  +0.85%

 

 

 

 

 

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