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Tuesday, 19 November 2013

Commodity Market Update (Silver




Precious metals are trading silent since morning after the last session’s steep decline and waiting for FOMC Meeting Minutes which will release on Thursday. Actively traded Gold contract is trading at 1274.20, up 1.90 points or 0.15% while front month Silver futures down 0.18% to trade at 20.33 an ounce. Base metals are trading mixed on LME after the previous day’s sharp decline. 3-month Copper is losing 0.22% or 15.50 points to trade at 6946.00 after having tested a low of 6910.00 per metric ton while rest of the metals are trading near to its previous close. WTI Crude Oil is trading silent at 92.89, down 0.14 points while Natural Gas is trading at 3.623 with a positive bias, up 0.17% per mmBtu.

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