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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 grinding lower as risk aversion fades. Today’s range $1306-1310
  • Gold might decline towards $1258 per troy ounce
  • Gold is currently trading at $1308/troy ounce. Immediate support lies at $1289, and resistance at $1365 area.

Silver:

  • Silver is the worst performer of the week. Today’s range $17.09-17.25
  • Silver is currently trading at $17.35/troy ounce. Support lies at $17.1 & resistance at $18.2

Copper:

  • Copper is marginally higher today after a big decline last week. 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

 -0.83%

Silver

 -2.39%

Copper

 +1.02%

 

 

 

 

 

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