Commodity Market Update (Silver)

Precious metals on COMEX are trading silent since morning ahead of Holiday in observance of New Year’s Day. Actively traded Gold contract is trading at 1199.90, down 3.90 points or 0.32% and front month Silver futures down around half a percent or 11 cents to trade at 19.505 after having tested a low of 19.38 an ounce. On LME, base metals are continuing its last day’s steep decline except Copper which is trading at 7381, up 8.25 points. 3-month Lead and Zinc both are losing most of the ground, down around 0.75% each to trade at 2235.50 and 2071.25 respectively. Energy prices on NYMEX are trading lower since morning with Crude Oil trading at 98.94, down 0.34% while Natural Gas is down more than half a percent or 2.5 cents to trade at 4.402 after having tested a low of 4.396 per mmbtu.