Wednesday, 7 November 2012

Commodity Market Update (Silver)




Bullions are trading slightly positive, with active Gold futures at $1689 up by $6 or 0.36% and Silver is at $31.30 up by 0.55% or 17 cents on COMEX. Gold prices posted well recovery from the last Friday’s fall as the bargain hunters were waiting to buy Gold at lower prices ahead of the major festive season in India. Gold is expected to trade positive in near term and may face resistance around $1720 and $1755. With exception of 3-month Aluminum all other metals are trading in green on LME at the time of writing this, benchmark 3-month Copper is at $7674.50, up by +23.50 or 0.30% and is likely to trade with a positive bias. NYMEX Oil prices are trading near previous settlement of $85.65 with no changes while Gas prices is trading negative by 0.62% or 2 cents at $3.5320.


1 comment:

  1. This post is so informative and makes a very nice image on the topic in my mind. It is very helpful for me , I realy appreciate thanks for sharing. I would like to read more information thanks. Thanks with
    Stock Tips, NIFTY Tips, Commodity Tips
    BSE stock,NSE Tips,Nifty futures,Sure Shot Tips

    ReplyDelete