Silver Spikes to $62.89 on Fed Cut – But Weekly Bearish Divergence Flashes Caution: Don’t Chase, Wait for the Dip 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Robinhood Expands Sports Event Contracts With Player Performance Wagers 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
 - EconoTimes)
Metal pack is trading red in today's trading. Performance this week at a glance in chart & table -
Gold -
- Gold is heading towards its support line around $1125, red for third consecutive week.
- Gold is currently trading at $1135/troy ounce. Immediate support lies at $1122 and resistance at $1143 area.
Silver -
- Silver is down and likely to move lower to test the trend line support around $15 area. Today's range $15.25-15.55
- Silver is currently trading at $15.33/troy ounce. Support lies at $14.4 & resistance at $16.5.
Copper -
- Copper dropped further as China's manufacturing remain in contraction. Today's range $2.28-2.32.
- 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 $2.3/pound, immediate support lies at, $2.2 & resistance at $2.5.
|
Gold |
-0.53% |
|
Silver |
-1.29% |
|
Copper |
-0.43% |
