Commodities snapshot (precious & industrial)

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

Gold –

• Gold is marginally down, trapped between weaker Dollar and bullish equities. Today’s range $1281-1265
• Gold is currently trading at $1276/troy ounce. Immediate support lies at $1240 and resistance at $1350 area.

Silver –

• Silver is worst performer today. Today’s range $17.17 -17.48
• Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8
• Silver is currently trading at $17.32 /troy ounce. Support lies at $16.5 & resistance at $17.8, 18.4

Copper –

• Copper is higher for the day, after two days of drop. Today’s range $2.14-2.09
• Copper is currently trading at $2.1/pound, immediate support lies at, $2.03 & resistance at  $2.3, $2.21