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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 trading sideways around $1250 area. $1257 area is a key resistance. Today’s range $1254-1246
  • We expect the gold price to reach $1365 per troy ounce.
  • Gold is currently trading at $1248/troy ounce. Immediate support lies at $1190, and resistance at $1290 area.

Silver:

  • Silver is down today contrasting with gold. Today’s range $18.27-18.01
  • Silver is currently trading at $18.18/troy ounce. Support lies at $17.2, & resistance at $18.4

Copper:

  • Active call - Copper is likely to rise towards $3.2 per pound. Copper is looking to test resistance around $2.7 area. Today’s range $2.65-2.68
  • Copper is currently trading at $2.67/pound, immediate support lies at, $2.4 & resistance at  $2.7

 

Gold

 +0.55%

Silver

 +2.36%

Copper

 +1.14%

 

  • Market Data
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