Commodities snapshot (precious & industrial)

Metal pack is mixed today. Performance this week at a glance in chart & table -

Gold –

• Gold is best performer today, riding on risk aversion as equities slide. Today’s range $1289-1302
• Gold is currently trading at $1297/troy ounce. Immediate support lies at $1240 and resistance at $1350 area.

Silver –

• Silver is trying to gain back some of yesterday’s loss. Today’s range $17.78 -17.38
• Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8
• Silver is currently trading at $17.6 /troy ounce. Support lies at $16.5 & resistance at $17.8, 18.4

Copper –

• Copper is down as China tries to curb speculative activity. Today’s range $2.27-2.22
• Copper is currently trading at $2.24/pound, immediate support lies at, $2.14 & resistance at  $2.3