Commodities snapshot (precious & industrial)
Source: FxWire Pro - Commentary / 23 May 2018 09:05:11 America/New_York
The metal pack is up today. The performance this week at a glance in chart & table -
- Gold testing key support around $1290 area. Getting some bids over risk aversion. Today’s range $1289-1299
- Gold is currently trading at $1293/troy ounce. Immediate support lies at $1260, and resistance at $1320 area.
- Silver is up in line with the gold this week. Today’s range $16.34-16.61
- Silver is currently trading at $16.37/troy ounce. Support lies at $16 & resistance at $17.5
- Copper is continuing its range trade. The best performer for the week so far. Today’s range $3.05-3.13
- Copper is currently trading at $3.07/pound, immediate support lies at, $2.91 & resistance at $3.21
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