Commodities snapshot (precious & industrial)

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

Gold:

• Gold is down today as risk aversion fades. Today’s range $1346-1332
• In the short-term price is likely to move higher towards $1360 area.
• Gold is currently trading at $1335/troy ounce. Immediate support lies at $1289, and resistance at $1365 area.

Silver:

• Silver is up in line with the gold. Today’s range $17.99-17.58
• Silver is currently trading at $17.77/troy ounce. Support lies at $17.1 & resistance at $18.2

Copper:

• Copper is the best performer of the day. Likely to move towards $3.2 per pound. Today’s range $3.03-3.09
• Copper is currently trading at $3.07/pound, immediate support lies at, $2.89 & resistance at  $3.12

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