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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 recovering as the dollar declines. The focus is on Yellen testimony. Today’s range $1220-1216
  • In the short-term price is likely to decline to $1190 area.
  • Gold is currently trading at $1217/troy ounce. Immediate support lies at $1190, and resistance at $1245 area.

Silver:

  • Silver is recovered in line with the gold and is the best performer of this week. Today’s range $15.99-15.78
  • Silver is currently trading at $15.83/troy ounce. Support lies at $14.8 & resistance at $16

Copper:

  • Copper is heading for another test of key resistance around $2.7 area. Today’s range $2.69-2.67
  • Copper is currently trading at $2.69/pound, immediate support lies at, $2.55 & resistance at  $2.7

 

Gold

 +0.41%

Silver

 +1.74%

Copper

 +1.62%

 

 

 

 

 

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