Commodity Market Update (Silver)

Precious metals are trading lower today with Gold trading at 1238.10, down by half a percent or 6 points and Silver is at 19.96, lower by 0.75% as we write this. The intraday outlook remains negative for Gold and Silver and we expect prices to drift further down in the coming hours. Base metals on LME are trading higher today with Copper prices are at 7287.0, +2 points while lead is the best performer to gain 0.66% at 2184.0. Outlook remains positive for base metals and we expect prices to trade higher. Crude Oil and Natural Gas prices on NYM are trading mixed with Crude Oil is at 97.22, lower by 0.27% or 26 cents and Natural Gas is at 4.28, higher by 0.19%.