Commodities snapshot (precious & industrial)

Metals are mixed in today's trading. Performance this week at a glance in chart & table -

Gold -

• Gold gained sharply after market opened today. Gold tested $1224 resistance intraday, however failed to break above such.
  
  
• Gold is currently trading at $1219, up 1.6% today. Immediate support lies at $1193, $1178, $1160 and resistance at $1224 and $1236-1240 area.

Silver -

• Silver is top performer today. Silver price is moving upwards after price broke above $17.
  
  
• Mint ratio fell to 71, down 0.5% today. Mint ratio and precious metal prices are inversely related more often than not.
  
  
• Silver is currently trading at $17.1/troy ounce, up 2.75% today. However bigger trend remains downwards. Support lies at 15.42,14 & resistance at 17.5-17.7.

Copper -

• Copper is trading in high volatility today. Price jumped close to $2.83/pound from weaker than expected NFP report. However faced massive sell off from the level and moved into red today.
  
  
• Current move suggest bears are in full control around $2.8 area. Downside target is coming around $2.52, with a stop of $2.84, upside can still be played with target around $3.1 with stop of $ 2.45.
  
  
• Bearish inverted hammer is in play in weekly chart.
  
  
• Copper is currently trading at $2.72/pound. Immediate support lies at 2.59 & resistance at 2.85, 2.93, and 3.07.