Tuesday 25 November 2014

Commodity Market Update (Silver)


Gold and Silver are advances on COMEX but hold it three weeks high on the expectation of higher browning cost from the US. Actively traded Gold contract tested a high of 1201.70 before settling at 1199.50, up 3.30 points or 0.28% while Silver is surging around 1.5% or 22 cents to trade at 16.60 an ounce. Base metals are trading higher since morning with Copper trading at 6670.25, up 12 points or 0.18% after having tested a high of 6698.00 while Zinc is gaining 0.70% or 16 points to trade at 2301.00, followed by rest of the metals which are also gaining around half a percent each. WTI Crude Oil is trading in green at 76.00, up 22 cents or 0.29% after having volatile trading hours while Natural Gas is trading at 4.32, up around half a percent after having tested a low of 4.261 per mmbtu.

Photo: Commodity Market Update (Silver):

Gold and Silver are advances on COMEX but hold it three weeks high on the expectation of higher browning cost from the US. Actively traded Gold contract tested a high of 1201.70 before settling at 1199.50, up 3.30 points or 0.28% while Silver is surging around 1.5% or 22 cents to trade at 16.60 an ounce. Base metals are trading higher since morning with Copper trading at 6670.25, up 12 points or 0.18% after having tested a high of 6698.00 while Zinc is gaining 0.70% or 16 points to trade at 2301.00, followed by rest of the metals which are also gaining around half a percent each. WTI Crude Oil is trading in green at 76.00, up 22 cents or 0.29% after having volatile trading hours while Natural Gas is trading at 4.32, up around half a percent after having tested a low of 4.261 per mmbtu.

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