Commodities snapshot (precious & industrial)

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

Gold:

• The gold price slid further as equities rose and the dollar recovered. Today’s range $1202-1185
• Gold is currently trading at $1190/troy ounce. Immediate support lies at $1150, and resistance at $1225, $1285 area.

Silver:

• Silver is down in line with gold; the current rally likely to remain below $17.2 and definitely below $18. It is worse performer than gold this week. Today’s range $17.06-16.66
• Silver is currently trading at $16.86/troy ounce. Support lies at $16.4, & resistance at $17.2, $18

Copper:

• Copper is down today but best performer of the week as the supply fear from Chile fuels rally. Today’s range $2.69-2.73
• Copper is currently trading at $2.7/pound, immediate support lies at, $2.4 & resistance at  $2.86