Tuesday, 7 May 2013

Commodity Market Update (Silver)

Precious metals are trading in red since morning, the most actively traded Gold futures is trading at $1460.00, lower by 0.50% or $7.5 and Silver is at $23.65 which is down by 1.35% or 23 cents at the time of writing this. Prices are likely to trade in a range for the day as a there is no major releases from US and China to set direction for prices. On LME, prices are also negative with Copper trading at $7283.00, lower by 0.18% and Nickel is the worst performing metal to trade down by 1.5% at $14985.00. Crude Oil and Natural Gas on NYMEX are also trading lower with Crude oil at $95.56, down by 0.61% and Natural Gas is at $3.97, down by 0.90%.

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