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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 is getting some bids over risk aversion and as dollar weakens. Today’s range $1308-1301
  • Gold is currently trading at $1304/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 $16.56-16.74
  • Silver is currently trading at $16.66/troy ounce. Support lies at $16 & resistance at $17.5

Copper:

  • Copper is continuing its range trade. Today’s range $3.08-3.12
  • Copper is currently trading at $3.08/pound, immediate support lies at, $2.91 & resistance at  $3.21

 

Gold

 +1.01%

Silver

 +1.40%

Copper

  +0.85%

 

 

 

 

 

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