Commodities snapshot (precious & industrial)

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

Gold:

• Gold gave up most of its Syria gains. Today’s range $1253-1245
• We expect the gold price to reach $1365 per troy ounce.
• Gold is currently trading at $1250/troy ounce. Immediate support lies at $1190, and resistance at $1290 area.

Silver:

• Silver is the much worse performer than gold due to lack of haven bid. Today’s range $18.01-17.81
• Silver is currently trading at $17.89/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 the worst performer of the day. Today’s range $2.65-2.6
• Copper is currently trading at $2.6/pound, immediate support lies at, $2.4 & resistance at  $2.7