Commodities snapshot (precious & industrial)

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

Gold:

• Gold is still trying to form a base above $1150. Further decline can’t be ruled out  Today’s range $1151-1160
• Gold is currently trading at $1155/troy ounce. Immediate support lies at $1150, and resistance at $1225, $1285 area.

Silver:

• Silver is the best performer of the week as it finds support around key $16 area. Today’s range $16.67-16.92
• Silver is currently trading at $16.87/troy ounce. Support lies at $16, & resistance at $17.8

Copper:

• Copper is struggling at previous peak around $2.7 area, a large correction might be on way. Today’s range $2.65-2.7
• Copper is currently trading at $2.63/pound, immediate support lies at, $2.4 & resistance at  $2.86