Metal pack is green in today's trading. Performance this week at a glance in chart & table -
Gold -
- Gold broke above key resistance around $1152 and headed higher. Today's range - $1138-$1159.
- Gold might reach as high as $1225.
- Gold is currently trading at $1158/troy ounce. Immediate support lies at $1090 and resistance at $1150 area.
Silver -
- Silver finding resistance around $16/troy ounce. Silver might move higher first around $16.4 and later $17.7 area. Today's range $16.02-15.60
- Silver is currently trading at $15.87/troy ounce. Support lies at $14.4 & resistance at $16.5.
Copper -
- Copper is sharply up today. Glencore announced to reduce Zinc production by 500,000 tons. This overall boosted metal segment. Today's range $2.34-2.44.
- In short term Copper might target $2.69/pound.
- Longer term Call - Sell Copper targeting $1.85/pound, though it might gain in the short term.
- Copper is currently trading at $2.41/pound, immediate support lies at, $2.2 & resistance at $2.5.
|
Gold |
+1.76% |
|
Silver |
+4.27% |
|
Copper |
+2.86% |


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