Tuesday, 24 December 2013

Commodity Market Update (Silver)

Precious metals on COMEX are trading mixed since morning and trading between gains and losses with Gold trading at 1199.40, up 2.40 points or 0.21% while Silver is trading in red at 19.37, down 4 cents or 0.22% an ounce. With the exception of Nickel, Base metals are continuing its last couple of sessions rally on the back of improved economic outlook. 3-month Zinc is top gaining counter among the group, up a percent or 20.75 points to trade at 2077.75, followed by rest of the metals while Copper is trading at 7267, up 26 points or 0.36% per metric ton. Energy prices on NYMEX are trading silent with negative bias ahead of Christmas Holiday. WTI Crude Oil is trading at 98.89, down 3 cents while Natural Gas is down 0.16% to trade at 4.456 per mmbtu.

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