The metal pack is mixed today. The performance this week at a glance in chart & table -
Gold:
- Gold declined as risk aversion eased but remains elevated thanks to a weaker dollar. Today’s range $1355-1340
- Gold is currently trading at $1344/troy ounce. Immediate support lies at $1290, and resistance at $1355 area.
Silver:
- Silver is a much better performer than the gold. Today’s range $16.73-16.47
- Silver is currently trading at $17.25/troy ounce. Support lies at $16 & resistance at $17.5
Copper:
- Copper is up this week as China cancels scrap imports. Today’s range $3.11-3.20
- Copper is currently trading at $3.13/pound, immediate support lies at, $2.91 & resistance at $3.21
Gold |
-0.07% |
Silver |
+3.79% |
Copper |
+2.22% |
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