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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 again down today as the dollar recovers. Today’s range $1249-1258
  • In the short-term price is likely to decline to $1190 area.
  • Gold is currently trading at $1251/troy ounce. Immediate support lies at $1190, and resistance at $1245 area.

Silver:

  • Silver is up in line with the gold today. Today’s range $16.22-16.55
  • Silver is currently trading at $16.31/troy ounce. Support lies at $14.8 & resistance at $16

Copper:

  • Copper skyrocketed after clearing key resistance around $2.7 area. Today’s range $2.73-2.81
  • Copper is currently trading at $2.81/pound, immediate support lies at, $2.7 & resistance at  $2.92

 

Gold

 -0.24%

Silver

 -1.09%

Copper

 +3.16%

 

 

 

 

 

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