Tuesday 16 April 2013

Commodity Market Update (Silver)


Gold seen having supported at $1320.00 an ounce and had recovered to trade around $1380.00 an ounce at the time of writing this. Gold spot prices are trading higher by 2.5% at $1383.00 and Silver spot prices are at $23.69, adding 4% from its last settlement. Base metals are also trading higher today with 3-month rolling contracts on LME gained almost a percent each. Copper is at $7284.00, higher by $80.00 and Nickel is at 15711.00, adding just $16.00 or 0.11%. Oil prices on NYMEX are trading lower today, the most actively traded Crude Oil is lower by 62 cents at $88.09 while Natural Gas is at $4.1510, up by 0.34% till now.

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