Tuesday 14 May 2013

Commodity Market Update (Silver)


Precious metals are trading lower at the time of writing this with Gold trading at $1431.30, down by $3.20 or 0.25% while front month Silver futures eased 20 cents or 0.91% to trade at $23.48 an ounce. LME base metals are trading in red due to a stronger dollar against the other currency holders. 3-month Copper rolling contract is leading the industrial metal group, losing 2.22% or $164.25 to trade at $7249.00, followed by rest of the metals. On NYMEX, energy prices are trading mixed since morning with Crude Oil trading at $94.98, lower by 0.20% while Natural Gas is trading almost flat at $3.93 with a positive bias.

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