Commodities snapshot (precious & industrial)

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

Gold:

• Gold is testing a key resistance line. Today’s range $1265-1256
• In the short-term price is likely to decline to $1190 area.
• Gold is currently trading at $1262/troy ounce. Immediate support lies at $1230, and resistance at $1275 area.

Silver:

• Silver is the best performer this week. Today’s range $16.21-16.50
• Silver is currently trading at $16.45/troy ounce. Support lies at $16 & resistance at $17.2

Copper:

• Copper testing key resistance around $2.92 area. Today’s range $2.92-2.89
• Copper is currently trading at $2.9/pound, immediate support lies at, $2.7 & resistance at  $2.92

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