Commodities snapshot (precious & industrial)

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

Gold –

• Gold is up today despite risk affinity on weaker dollar. Today’s range $1323-1310
• Gold is currently trading at $1319/troy ounce. Immediate support lies at $1180 and resistance at $1350 area.

Silver –

• Silver is sharply higher today, turned best performer of the week. Today’s range $17.7 -18.5
• Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8
• Silver is currently trading at $17.61 /troy ounce. Support lies at $15.6, $16 & resistance at 18.4

Copper –

• Copper is best performer today and this week. Today’s range $2.16-2.19
• Active call – Sell copper @2.06 and at rallies with targets around $1.75, $1.6/pound with stop loss around $2.3/pound
• Copper is currently trading at $2.11/pound, immediate support lies at, $2.03 & resistance at  $2.3, $2.21