The metal pack is mixed today. The performance this week at a glance in the chart & table -
Gold:
- Gold is struggling as the USD strengthens. Today’s range $1211-1203
- Gold is currently trading at $1204/troy ounce. Immediate support lies at $1195, and resistance at $1250 area.
Silver:
- Further decline likely as the silver breaks key support around $14.2 area. However, a temporary correction on a weaker USD is currently taking place. The correction might increase to $15.5 per troy ounce. Today’s range $14.01-14.3
- Silver is currently trading at $14.06/troy ounce. Support lies at $14.4 & resistance at $16
Copper:
- Copper is giving up gains of optimism over U.S. - China trade negotiations. Likely to decline further to test $2.5 area Today’s range $2.7-2.67
- Copper is currently trading at $2.69/pound, immediate support lies at, $2.55 & resistance at $2.75
Gold |
-1.78% |
Silver |
-3.47% |
Copper |
-4.83% |