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 $1157-1164
• Gold is currently trading at $1162/troy ounce. Immediate support lies at $1150, and resistance at $1225, $1285 area.

Silver:

• Silver is the best performer of the week heading into FOMC. Today’s range $16.86-17.18
• Silver is currently trading at $17.1/troy ounce. Support lies at $16, & resistance at $17.8

Copper:

• Copper is struggling to break the previous peak around $2.7 area, a large correction might be on way. Today’s range $2.57-2.64
• Copper is currently trading at $2.6/pound, immediate support lies at, $2.4 & resistance at  $2.86