Commodities snapshot (precious & industrial)

The metal pack is down today. Performance this week at a glance in chart & table -

Gold:

• Gold is losing shine despite ongoing geo-political tensions in the Middle East. Today’s range $1274-1279
• Gold is currently trading at $1277/troy ounce. Immediate support lies at $1260, and resistance at $1320 area.

Silver:

• Silver is up in line with the gold this week. Today’s range $16.97-16.81
• Silver is currently trading at $16.89/troy ounce. Support lies at $16.7 & resistance at $18

Copper:

• Copper gave up most of the gains for the week and now turned negative for the week. Today’s range $3.10-3.06
• Copper is currently trading at $3.07/pound, immediate support lies at, $3.01 & resistance at  $3.15

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