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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold gained further momentum as the dollar weakens across the board. Likely to slide towards $1090 per troy ounce.  Today’s range $1179-1162
  • Gold is currently trading at $1173/troy ounce. Immediate support lies at $1150, and resistance at $1225, $1285 area.

Silver:

  • Silver is a much better performer than gold this week. Today’s range $15.86-16.16
  • Silver is currently trading at $16.57/troy ounce. Support lies at $16, & resistance at $17.8

Copper:

  • Copper rose sharply after finding support around $2.5 area. Today’s range $2.54-2.59
  • Active call – Sell copper targeting $2.15 per pound   
  • Copper is currently trading at $2.56/pound, immediate support lies at, $2.4 & resistance at  $2.86

 

Gold

 +1.92%

Silver

  +4.19%

Copper

 +2.81%

 

  • Market Data
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