Tuesday 23 April 2013

Commodity Market Update (Silver)


Precious metals are trading lower since morning with Gold trading at $1415.30, lower by almost half a percent or $6.00 while Silver futures dived by 2.43% or 57 cents to trade at $22.79 an ounce. LME base metals are trading lower due to weaker economic data from China and Germany which added concern over global economic outlook. 3-month rolling Copper contract tested a one and half months low of $6762.25 before settling at $6828.75, lower by 1.51% or $105, followed by rest of the metals. WTI Crude Oil futures losing since morning and trading at $88.33, declining almost a percent or 85 cents while Natural Gas is trading almost flat at $4.26 with an negative bias.

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