Tuesday, 3 December 2013

Commodity Market Update (Silver)

Precious metals on COMEX are trading silent since morning after the last night’s steep decline due to better than expected economic release from the US. Actively traded Gold contract is trading at 1221.70, down 0.20 points while Silver is losing 0.31% to trade at 19.22 an ounce. With the exception of Aluminum, Base metals are trading lower since morning with Copper trading at 6958.00, down 17.75 points or 0.25% per metric ton followed by the rest of the metals. WTI Crude Oil is continuing its last session gain and tested a high of 94.25 before settling at 93.91, up 10 cents per barrel while Natural Gas is trading almost flat at 3.98 with a negative bias per mmbtu.

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