Tuesday 18 December 2012

Commodity Market Update (Silver)


Precious metals are trading tight in a range; the actively traded Gold on COMEX is higher by just $4.70 or 0.27% to trade at $1702.70 and Silver prices are at $32.53, up by 0.80% or 25 cents. Base metals are trading mixed on LME since morning; three-month Copper is at $8065.00, up by 0.16% along with all other base metals. Crude oil prices are trading half a percent higher at $87.73 while Gas prices are lower by 0.24% at $3.3510. We expect oil prices to move higher in coming days to test resistance near 88.40

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