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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold is marginally recovering as the dollar declines. Likely to find sellers around $1230 area. Today’s range $1227-1232
  • In the short-term price is likely to decline to $1190 area.
  • Gold is currently trading at $1230/troy ounce. Immediate support lies at $1190, and resistance at $1245 area.

Silver:

  • Silver is recovering in line with the gold. Today’s range $16.11-15.91
  • Silver is currently trading at $16.03/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 $2.68-2.73
  • Copper is currently trading at $2.72/pound, immediate support lies at, $2.55 & resistance at  $2.7

 

Gold

 +0.16%

Silver

 +0.50%

Copper

 +1.12%

 

 

 

 

 

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