Tuesday 7 January 2014

Commodity Market Update (Silver)

Precious metals are trading at slightly higher flat with Gold trading at 1238.60, +0.03% while Silver is at 20.07, down by 0.16% as we write this. The near term outlook remains bearish and we expect prices to drift lower in the coming hours. Crude Oil and Natural Gas prices are at 93.81 and 4.31, higher by 0.42% and 0.23% respectively. The outlook remains neutral and we can see prices trading in a range for rest of the trading hours. Base metals are trading in red with Aluminum down by 0.32% and Copper is lower by 0.25% at 1776.0 and 7312.5 respectively. The intraday bias stands negative and we can see prices drifting lower in coming hours.

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