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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 testing key resistance line. Today’s range $1271-1262
  • In the short-term price is likely to decline to $1190 area.
  • Gold is currently trading at $1269/troy ounce. Immediate support lies at $1230, and resistance at $1275 area.

Silver:

  • Silver is up in line with gold this week. Today’s range $16.58-16.90
  • Silver is currently trading at $16.75/troy ounce. Support lies at $16 & resistance at $17.2

Copper:

  • Copper skyrocketing after clearing key resistance around $2.7 area and as China set to ban scrap imports. Today’s range $2.87-2.9
  • Copper is currently trading at $2.88/pound, immediate support lies at, $2.7 & resistance at  $2.92

 

Gold

 -0.16%

Silver

 +0.24%

Copper

 +0.90%

 

 

 

 

 

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