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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold is moving lower fast after a failure to sustain above $1300 area. Today’s range $1289-1276
  • Gold is currently trading at $1280/troy ounce. Immediate support lies at $1260, and resistance at $1320 area.

Silver:

  • Silver is the worst performer of the week as the dollar recovers. Today’s range $16.88-17.13
  • Silver is currently trading at $16.95/troy ounce. Support lies at $16.7 & resistance at $18

Copper:

  • Copper is down over profit booking, still the best performer of the week. Today’s range $3.22-3.17
  • Copper is currently trading at $3.18/pound, immediate support lies at, $3.12 & resistance at  $3.27

 

Gold

 -1.77%

Silver

 -2.42%

Copper

 +1.76%

 

 

 

 

 

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