Commodities snapshot (precious & industrial)

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

Gold:

• Gold declined further as the strong dollar and risk affinity weighs. Today’s range $1211-1218
• Gold is currently trading at $1213/troy ounce. Immediate support lies at $1220, and resistance at $1280, $1300 area.

Silver:

• Silver is worse performer than gold this week. Today’s range $17.58-17.35
• Silver is currently trading at $17.42/troy ounce. Support lies at $17.3, & resistance at $18.9

Copper:

• Copper is likely to rise towards $3.2 per pound. Copper is heading to test support around $2.6 area. It is the worst performer of the week. Today’s range $2.61-2.63
• Copper is currently trading at $2.62/pound, immediate support lies at, $2.6 & resistance at  $2.86