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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FxWirePro: Daily Commodity Tracker - 21st March, 2022
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