Metals pack is down today as dollar bounced back somewhat. Performance this week at a glance in chart & table -
Gold -
- Gold dropped sharply from $1200 area. Today's range $1201-1182.
- Optimism over Greek deal moved investors out of gold's safety.
- Gold is currently trading at $1184/troy ounce. Immediate support lies at $1172, $1152 and resistance at $1224, $1236-1240 area.
Silver -
- Silver remained buoyed despite gold's fall, today's range $16.27-16.03.
- Mint ratio is down by -1.45% today, currently at 73.3. Mint ratio and precious metal prices are inversely related more often than not. Mint ratio is suggesting further rise in precious metals.
- Silver is currently trading at $16.2/troy ounce. Support lies at $16, $15.42 & resistance at $17.5-17.7, 18.4-18.7.
Copper -
- Copper is treading water today in small range. Today's range $2.59 - 2.56
- Next target is around $2.52/pound since support at $2.65 got broken. Profit booking suggested.
- Copper is currently trading at $2.57/pound, immediate support lies at $2.5 & resistance at $2.75, $2.84, $2.89, $2.95.
Gold |
-1.25% |
Silver |
+0.5% |
Copper |
0.00% |