Commodities snapshot (precious & industrial)

Metal pack is mixed, while precious pack is down, industrial is trading in green. Performance this week at a glance in chart & table -

Gold -

• Gold is down for fifth consecutive day, and third consecutive week. Gold has reached target and now hovering at support area. There might be some profit booking.
• Gold is currently trading at $1117/troy ounce. Immediate support lies at $1100 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 $15.34-15.17
• Silver is currently trading at $15.21/troy ounce. Support lies at $14.4 & resistance at $16.5.

Copper -

• Copper is higher, contrasting with precious pack. Today's range $2.32-2.36.
• 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 $2.34/pound, immediate support lies at, $2.2 & resistance at $2.5.