Commodities snapshot (precious & industrial)

Metal pack is up today. Performance this week at a glance in chart & table -

Gold –

• Gold is up on weaker Dollar but yet to break free of consolidation. Today’s range $1251-1227
• Gold is currently trading at $1249/troy ounce. Immediate support lies at $1180 and resistance at $1280 area.

Silver –

• Silver is best performer today and this week. Today’s range $16.1 -17
• Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8
• Silver is currently trading at $16.96/troy ounce. Support lies at $15 & resistance at $17.3, $17.8

Copper –

• Copper is higher, largely on weaker Dollar. Today’s range $2.14-2.18
• Copper is currently trading at $2.17/pound, immediate support lies at, $2 & resistance at  $2.19