The metal pack is up today. The performance this week at a glance in the chart & table -
Gold:
- Gold is heading higher as USD weakens. Today’s range $1236-1247
- Gold is currently trading at $1246/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. Up today on weaker USD. Today’s range $14.41-14.65
- Silver is currently trading at $14.59/troy ounce. Support lies at $14 & resistance at $16
Copper:
- Copper declines as trade optimism fade. Likely to decline further to test $2.5 area once the optimism fades. Today’s range $2.78-2.74
- Copper is currently trading at $2.75/pound, immediate support lies at, $2.55 & resistance at $2.81
Gold |
+1.96% |
Silver |
+3.18% |
Copper |
-1.40% |