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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold is up despite fading risk aversion on a weaker dollar. Today’s range $1341-1330
  • Gold is currently trading at $1339/troy ounce. Immediate support lies at $1290, and resistance at $1355 area.

Silver:

  • Silver is a better performer than the gold. Today’s range $16.67-16.41
  • Silver is currently trading at $16.59/troy ounce. Support lies at $16 & resistance at $17.5

Copper:

  • Copper is the best performer this week. Today’s range $3.06-3.13
  • Copper is currently trading at $3.125/pound, immediate support lies at, $2.91 & resistance at  $3.21

 

Gold

 +0.41%

Silver

 +1.47%

Copper

  +2.80%

 

 

 

 

 

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