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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold is trying to build on US election uncertainty.  Today’s range $1197-1182
  • We expect gold to reach $1520. Gold might reach as low as $1155 in the near term.
  • Gold is currently trading at $1188/troy ounce. Immediate support lies at $1150, and resistance at $1225 area.

Silver:

  • Silver is up along with gold on weaker dollar. Today’s range $16.37-16.89
  • Silver is currently trading at $16.62/troy ounce. Support lies at $16, & resistance at $17.8

Copper:

  • Copper is the best performer of the day. Today’s range $2.64-2.75
  • Copper is currently trading at $2.71/pound, immediate support lies at, $2.4 & resistance at  $2.86

 

Gold

+0.42%

Silver

 +0.73%

Copper

 +1.16%

 

  • Market Data
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