Commodities snapshot (precious & industrial)

Metals pack is down today as dollar bounced back somewhat. Performance this week at a glance in chart & table -

Gold -

• Gold is treading water around $1170 area. Today's range $1178-1171.
• Gold failed to push on risk aversion, suggesting further drop.
• Gold is currently trading at $1173/troy ounce. Immediate support lies at $1152 and resistance at $1224, $1236-1240 area.

Silver -

• Silvers performance remained lacklustre. Today's range $15.97-$15.78
• Mint ratio is up by 0.14% today, currently at 73.9. Mint ratio and precious metal prices are inversely related more often than not.
• Silver is currently trading at $15.86/troy ounce. Support lies at $15.42 & resistance at $17.5-17.7, 18.4-18.7.

Copper -

• Coppers bounce back failed to gather pace. Today's range $2.63 - 2.59
• Copper is currently trading at $2.62/pound, immediate support lies at $2.5 & resistance at $2.75, $2.84, $2.89, $2.95.