Commodities snapshot (precious & industrial)

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

Gold:

• Gold remains upbeat on risk aversion and a weaker USD. Today’s range $1217-1225
• Gold is currently trading at $1222/troy ounce. Immediate support lies at $1195, and resistance at $1250 area.

Silver:

• Further decline likely as the silver breaks key support around $14.2 area. Today’s range $14.29-14.55
• Silver is currently trading at $14.37/troy ounce. Support lies at $14.4 & resistance at $16

Copper:

• Copper remains volatile over U.S. - China trade negotiations. Likely to decline further to test $2.5 area. Today’s range $2.81-2.76
• Copper is currently trading at $2.79/pound, immediate support lies at, $2.55 & resistance at  $2.81