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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 has broken a key resistance line. Likely to move higher. Today’s range $1282-1291
  • In the short-term price is likely to move higher towards $1360 area.
  • Gold is currently trading at $1288/troy ounce. Immediate support lies at $1250, and resistance at $1295 area.

Silver:

  • Silver is likely to accelerate its current bull trend. Testing key resistance. Today’s range $16.9-17.11
  • Silver is currently trading at $17.02/troy ounce. Support lies at $16 & resistance at $17.2

Copper:

  • Copper has broken key resistance around $2.95 area. Today’s range $2.96-2.99
  • Copper is currently trading at $2.98/pound, immediate support lies at, $2.89 & resistance at  $3.12

 

Gold

 +0.34%

Silver

 +0.65%

Copper

 +1.36%

 

 

 

 

 

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