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Tuesday, 12 November 2013

Commodity Market Update (Silver)

Bullion prices are marginally today with Gold trading at 1278.20, down by 0.23% and Silver is at 21.13. Prices are likely to trade in a range with a negative bias for the day. An Important support for Gold comes at 1230.0 and that for Silver is at 20.70 an ounce. Crude Oil on NYM is at 94.43, down by 0.75% and Natural Gas is at 3.58, +0.31% as we write this. Bias for Crude Oil remains negative while Natural Gas prices may remain positive. Base Metals are also trading lower since morning. Three-month Copper is at 7144, -0.26% while Lead and Zinc are the worst performer to ease 0.78% each to 2110.50 and 1886.50 respectively.

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