Commodities snapshot (precious & industrial)

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

Gold:

• Gold is up on weaker dollar, testing key resistance around $1300. Today’s range $1286-1295
• We expect the gold price to reach $1365 per troy ounce.
• Gold is currently trading at $1289/troy ounce. Immediate support lies at $1230, and resistance at $1290 area.

Silver:

• Silver is up along with gold; the best performer of the day Today’s range $18.5-18.68
• Silver is currently trading at $18.58/troy ounce. Support lies at $17.5, & resistance at $18.4

Copper:

• Active call - Copper is likely to rise towards $3.2 per pound. Copper is trying to recover some of the lost grounds last week. Today’s range $2.55-2.6
• Copper is currently trading at $2.59/pound, immediate support lies at, $2.4 & resistance at  $2.7