Commodities snapshot (precious & industrial)

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

Gold –

• Gold is higher on risk aversion bids. Today’s range $1276-1262
• Gold is currently trading at $1275/troy ounce. Immediate support lies at $1240 and resistance at $1350 area.

Silver –

• Silver is marginally higher today. Today’s range $17.2 -16.85
• Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8
• Silver is currently trading at $17.1 /troy ounce. Support lies at $16.5 & resistance at $17.8, 18.4

Copper –

• Copper is higher for the day, after big drop yesterday. Today’s range $2.07-2.09
• Copper is currently trading at $2.08/pound, immediate support lies at, $2.03 & resistance at  $2.3, $2.21