Metal pack is mixed 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. It is grinding higher today, despite a strong dollar. Today’s range $1185-1191
- Gold is currently trading at $1188/troy ounce. Immediate support lies at $1150, and resistance at $1225, $1285 area.
Silver:
- Silver finally broke above $16.7 area. Today’s range $16.88-16.73
- Silver is currently trading at $16.76/troy ounce. Support lies at $16, & resistance at $17.8
Copper:
- Copper is the best performer of the week. Likely to face selloffs around $2.67 area. Today’s range $2.6-2.63
- Active call – Sell copper targeting $2.15 per pound
- Copper is currently trading at $2.6/pound, immediate support lies at, $2.4 & resistance at $2.86
Gold |
+1.37% |
Silver |
+1.76% |
Copper |
+2.52% |