2017.05.1507:16:00UTC+00Commodities Snapshot (precious & Industrial)

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

Gold:

• Gold is higher today on a weaker dollar. Today’s range $1223-1232
• We expect the gold price to reach $1390 per troy ounce.
• Gold is currently trading at $1230/troy ounce. Immediate support lies at $1230, and resistance at $1290 area.

Silver:

• Silver is the best performer of the day. Today’s range $16.40-16.63
• Silver is currently trading at $16.63/troy ounce. Support lies at $16 & resistance at $17

Copper:

• Active call - Copper is likely to rise towards $3.2 per pound. Copper is flat for the day. Today’s range $2.55-2.51
• Copper is currently trading at $2.55/pound, immediate support lies at, $2.4 & resistance at  $2.7