Commodities snapshot (precious & industrial)

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

Gold:

• Gold is down again today as the strong dollar continue to weigh.  Today’s range $1191-1180
• We expect gold to reach $1520. Gold might reach as low as $1155 in the near term.
• Gold is currently trading at $1187/troy ounce. Immediate support lies at $1150, and resistance at $1225 area.

Silver:

• Silver is testing key supports above $16 area. Today’s range $16.21-16.45
• Silver is currently trading at $16.38/troy ounce. Support lies at $16, & resistance at $17.8

Copper:

• Copper is rising sharply again, up for fourth consecutive day. Today’s range $2.61-2.71
• Copper is currently trading at $2.70/pound, immediate support lies at, $2.4 & resistance at  $2.86