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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold is struggling despite weak dollar as risk aversion subsides. Today’s range $1300-1291
  • Gold is currently trading at $1298/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 $16.60-16.86
  • Silver is currently trading at $16.78/troy ounce. Support lies at $16 & resistance at $17.5

Copper:

  • Copper has broken above its range. The best performer of the day. Today’s range $3.29-3.24
  • Copper is currently trading at $3.28/pound, immediate support lies at, $2.91 & resistance at  $3.21

 

Gold

 +0.62%

Silver

 +2.57%

Copper

  +6.08%

 

 

 

 

 

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