Commodities snapshot (precious & industrial)

Metals are all marginally red today's trading, precious pack is down while industrial is up. Performance this week at a glance in chart & table -

Gold -

• Gold failed to gain ground amid weaker dollar. Gold continue to give up gains, after bulls were resisted around $1224.
  
• Participants are awaiting today's FOMC minutes. Gold made a high of $1212 and low of $1204 today.
  
• Gold is currently trading at $1208, down 0.05% today. Immediate support lies at $1193, $1178, $1160 and resistance at $1224 and $1236-1240 area.

Silver -

• Silver is the worst performer today, pushing the mint ratio up once again.
  
  
• Silver made a high of $16.91 and low of $16.77. Bulls are struggling around $17.
  
  
• Mint ratio is up 0.13% today, currently at 71.88. Mint ratio and precious metal prices are inversely related more often than not.
  
  
• Silver is currently trading at $16.8/troy ounce, down 0.12%% today. Downtrend remains intact despite recent rise over FOMC. Support lies at 15.42,14 & resistance at 17.5-17.7.

Copper -

• Copper cut short on yesterday's gain today falling 0.34% so far. Price traded $2.77 as high and $2.74 as low
  
  
• Current move suggest bears are in full control around $2.8-2.92 area. Downside target is coming around $2.52, with a stop of $2.84, upside can still be played with target around $3.1 with stop of $ 2.45.
  
  
• Bearish inverted hammer remains in focus in weekly chart.
  
  
• Copper is currently trading at $2.74/pound. Immediate support lies at 2.59 & resistance at 2.83, 2.93, and 3.07.