Commodities snapshot (precious & industrial)

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

Gold:

• As the dollar weakens across the board, gold price broke above the key resistance around $1220. Today’s range $1208-1224
• Gold is currently trading at $1221/troy ounce. Immediate support lies at $1150, and resistance at $1225, $1285 area.

Silver:

• Silver is the best performer of the day and week, gaining on the weaker dollar. Today’s range $17.5-17.76
• Silver is currently trading at $17.67/troy ounce. Support lies at $16.4, & resistance at $17.2, $18

Copper:

• Copper is faced with selloffs, despite support from the news of continued strike at the Escondida mines. Today’s range $2.72-2.69
• Copper is currently trading at $2.7/pound, immediate support lies at, $2.4 & resistance at  $2.86