Tuesday, 26 March 2013

Commodity Market Update (Silver)

Precious metals are trading marginally lower today with Gold spot on international market is near $1600.00 mark with losing 0.33% or almost $5.00 while Silver is trading marginally lower by 0.07% at $28.18. We expect prices to remain in a range with traders waiting for the evening releases for US CB Consumer Confidence and New Home Sales to be scheduled at 7.30 PM today. Base metals are trading slightly higher with Copper at $7635.00, adding almost 14 points while other metals are trading slightly mix. Energy complex are trading higher since morning, near month Crude Oil futures is trading at $95.14 and Natural Gas is trading at $3.90 which are higher by 0.35% and 1.05% respectively.

Data to Watch:

US CB Consumer Confidence and New Home Sales @7.30 PM.

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