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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 struggling despite weak dollar as risk aversion subsides. Today’s range $1290-1297
  • Gold is currently trading at $1295/troy ounce. Immediate support lies at $1260, and resistance at $1320 area.

Silver:

  • Silver is the best performer this week. Today’s range $16.78-16.95
  • Silver is currently trading at $16.92/troy ounce. Support lies at $16 & resistance at $17.5

Copper:

  • Copper gave up earlier gains, likely to decline towards $3.13 area. Today’s range $3.22-3.25
  • Copper is currently trading at $3.25/pound, immediate support lies at, $3.05 & resistance at  $3.32

 

Gold

 -0.31%

Silver

 +1.01%

Copper

  -1.64%

 

 

 

 

 

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