Precious metals are trading silent at 1729.5 a troy ounce, up by a dollar or 0.07% on COMEX while silver is also trading flat but with a nominal loss of 3 cents or just 0.07% at 33.32 a troy ounce. We expect prices to trade range bound with positive bias for rest of the trading hours. On energy section, Crude Oil futures is at 87.35, unchanged since last settlement and Natural Gas is at 3.8910, lower by 0.31% on NYMEX. Base metals are trading mixed with three-month Copper and Nickel adding few points while Aluminum, Lead and Zinc are slightly lower. We expect a very light movement for the day ahead of US bank holiday in observance of Thanksgiving Day.
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