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Commodities snapshot (precious & industrial)

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%

 

  • Market Data
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