Tuesday 28 May 2013

Commodity Market Update (Silver)


Precious metals are trading lower today, the most actively traded Gold contract on CMX is at $1379.0 which is down by 0.60% or 8 points and Silver is at $22.7 an ounce, down by a percentage at the time of writing this. Prices are expected to trade with a negative bias while lack of macroeconomic releases from US and other economies may also keep market silent for the day. Base metals across the LME are trading marginally positive; with three-month Copper trading at $7293.0, higher by $10.0 or just 0.13%. Other metals are also positive with some minor gains while Nickel is the only one to trade in red at $14778.0, down by 0.24%. Crude Oil and Natural Gas prices are trading positive with Crude oil at $94.7 and Natural Gas is at $4.24, up by 0.60% and 0.17% respectively.

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