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Tuesday, 8 January 2013

Commodity Market Update (Silver)




Precious metals are trading slightly positive today; with Gold actively traded contract is at $1654.10, up by +0.46% and Silver is at $30.32, +0.81% at the time of writing this. Gold futures are likely to take support near $1650.00 below which prices can be move lower to $1620.00 in coming sessions. Base metals on LME traded mixed, with Copper is trading at $8074.00, higher by just 0.04% and 3-month Nickel is at $17253.00, up by quarter a percent. Lead and Zinc on LME are trading lower with Lead at $2298.5, down by -0.29% and Zinc at $2009.25, -lower by -0.58%. Oil prices are trading slightly positive, the near month contract on NYMEX is at $93.54, up by 0.36% while Natural Gas contract is trading at $3.2340, down by -0.032 cents.

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