Metal pack is down today. Performance this week at a glance in chart & table -
Gold:
- Gold is down despite risk aversion in the market. Today’s range $1322-1330.5
- We expect gold to reach $1520
- Gold is currently trading at $1325/troy ounce. Immediate support lies at $1300 and resistance at $1395 area.
Silver:
- Silver gave up all of its gains. Today’s range $19.2-18.7
- Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8. Target extended to $26
- Silver is currently trading at $18.88/troy ounce. Support lies at $18, & resistance at $19, $20.7, $22
Copper:
- Copper is once again testing support around $2.07 area. Today’s range $2.06-2.09
- Active call – Sell copper @2.06 and at rallies with targets around $1.75, $1.6/pound with stop loss around $2.4/pound
- Copper is currently trading at $2.08/pound, immediate support lies at, $2.03 & resistance at $2.3
|
Gold |
-0.23% |
|
Silver |
-0.89% |
|
Copper |
-0.38% |
