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Commodities snapshot (precious & industrial)

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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