Tuesday, 5 March 2013

Commodity market update (silver)

Gold prices on COMEX are trading positive by 0.60% or $9.10 at $1581.50 while Silver is trading significantly higher today at $28.89, up by 1.37% or 39 cents at the time of writing this. We expect Gold and Silver to remain positive for the day with Gold resistance at $1600.00 level and Silver at $29.35 an ounce. Base metals across the LME are trading positive with Copper at $7779.75, adding $5475 or 0.71% followed by all other metals. On NYMEX Crude Oil is at $90.34, up by 22 cents or 0.24% while Natural Gas futures are at $3.58 gaining as much as 5 cents or 1.39%

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