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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold is marginally higher today, after a big selloff last week. Today’s range $1204-1215
  • In the short-term price is likely to decline to $1190 area.
  • Gold is currently trading at $1213/troy ounce. Immediate support lies at $1190, and resistance at $1245 area.

Silver:

  • Silver is the worst performer of the day. Today’s range $15.16-16.68
  • Silver is currently trading at $15.39/troy ounce. Support lies at $15.6 & resistance at $16.5

Copper:

  • Copper is grinding lower after struggling to break key resistance around $2.7 area. Today’s range $2.63-2.66
  • Copper is currently trading at $2.64/pound, immediate support lies at, $2.4 & resistance at  $2.7

 

Gold

 +0.08%

Silver

 -1.03%

Copper

 -0.42%

 

 

 

 

 

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