Tuesday, 20 January 2015

Commodity Market Update (Silver)

Precious metals on COMEX are gaining sharply for the last couple of hours ahead of the ECB Press conference which will be held on Thursday. Prices also extend their rally due to increase physical demand for this complex. Actively traded Gold contract is surging around 1.25% or 16 points to trade at 1293.00 an ounce while Silver tested a high of 18.04 before settling at 17.98, rose 1.30% or 23 cents an ounce. Base metals are trading mixed since morning with Copper trading at 5683.00, up 13 points or 0.23% whereas Lead is top gaining counter among the group, jump around 1.5% or 27 points to trade at 1877.00, followed by rest of the metals. WTI Crude Oil prices plunged over 3% or 1.57 points to trade at 47.65 and Natural Gas is tumbling around 4.5% or 13 cents to trade at 2.99 after having tested a low of 2.951 per mmbtu.

No comments:

Post a Comment