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Commodities snapshot (precious & industrial)

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. Currently, testing resistance around $1300 area. Today’s range $1277-1285
  • Gold is currently trading at $1280/troy ounce. Immediate support lies at $1260, and resistance at $1335 area.

Silver:

  • Silver is moving higher along with gold as USD weakens. But struggling amid higher USD. Today’s range $15.16-15.36
  • Silver is currently trading at $15.26/troy ounce. Support lies at $15.1 & resistance at $16

Copper:

  • Copper is recovering after reaching our target around $2.55 area. Sharply down this week as China data disappoints. Today’s range $2.68-2.65
  • Copper is currently trading at $2.66/pound, immediate support lies at, $2.55 & resistance at  $2.81

 

Gold

 -0.00%

Silver

 -0.20%

Copper

  -1.77%

 

 

 

 

 

 

  • Market Data
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