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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold is down today as risk aversion recedes. Today’s range $1254-1247
  • We expect the gold price to reach $1390 per troy ounce.
  • Gold is currently trading at $1256/troy ounce. Immediate support lies at $1230, and resistance at $1290 area.

Silver:

  • Silver is still the best performer of the week. Today’s range $17.13-17.29
  • Silver is currently trading at $17.22/troy ounce. Support lies at $16 & resistance at $17

Copper:

  • Active call - Copper is likely to rise towards $3.2 per pound. Copper is the weakest performer of the week so far. Today’s range $2.57-2.61
  • Copper is currently trading at $2.6/pound, immediate support lies at, $2.4 & resistance at  $2.7

 

Gold

 +0.08%

Silver

 +2.32%

Copper

 +0.54%

 

  • Market Data
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