Commodities snapshot (precious & industrial)

Metals are worst performer this week among asset class. Performance this week at a glance in chart & table -

Gold -

• Gold has fallen lower after bulls were halted at $1204 level, moved towards $1185 low so far.
  
• Price might move towards $1152 and $1133 level should price remain capped within $1224.
  
  
• Gold is currently trading at $1189, down -1.06% today so far. Immediate support lies at $1178, $1160 and resistance at $1224 and $1236-1240 area.

Silver -

• Silver is the worst performer today, as price traded as low as $15.59. Price is very close to support might get a bounce back from it. However trend remains downwards as price targets close to $14 and $12 as next.
  
  
• Mint ratio is up 0.22%, currently at 75.2. Mint ratio and precious metal prices are inversely related more often than not.
  
  
• Silver is currently trading at $15.8/troy ounce, down -1.24% today. Support lies at $15.42, $14 & resistance at $16.3-$16.6, $17.5-17.7.

Copper -

• Copper continue to move lower towards target, however beware of volatility.
  
• Bears remain in control. Trade was suggested with stop of $2.85 and target of $2.52-$2.47
  
  
• Bearish inverted hammer and bearish doji remains in play in weekly chart.
  
  
• Copper is currently trading at $2.68/pound, down -0.37% today, immediate support lies at $2.59 & resistance at $2.85, 2.93, and 3.07.