Commodities snapshot (precious & industrial)

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

Gold:

• Gold is up this week but likely to face selling pressure around $1200 area. Likely to slide towards $1090 per troy ounce.  Today’s range $1180-1187
• Gold is currently trading at $1184/troy ounce. Immediate support lies at $1150, and resistance at $1225, $1285 area.

Silver:

• Silver keeps on hovering above key support around $16 area, struggling to gain above $16.7 area. Today’s range $16.51-16.72
• Silver is currently trading at $16.6/troy ounce. Support lies at $16, & resistance at $17.8

Copper:

• Copper is the best performer of the day and the week. Today’s range $2.575-2.53
• Active call – Sell copper targeting $2.15 per pound   
• Copper is currently trading at $2.57/pound, immediate support lies at, $2.4 & resistance at  $2.86