Commodities snapshot (precious & industrial)

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

Gold:

• Gold is higher on haven demand. Today’s range $1335-1357
• Gold is currently trading at $1351/troy ounce. Immediate support lies at $1180 and resistance at $1350 area.

Silver:

• Silver is sharply higher on investment demand. Today’s range $19.65 -21.17
• Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8
• Silver is currently trading at $20.47 /troy ounce. Support lies at $19.6, $17.5 & resistance at $22, $26

Copper:

• Copper is marginally higher for the day on global cue. Today’s range $2.20-2.26
• Active call – Sell copper @2.06 and at rallies with targets around $1.75, $1.6/pound with stop loss around $2.3/pound
• Copper is currently trading at $2.22/pound, immediate support lies at, $2.03 & resistance at  $2.3, $2.21