Tuesday, 4 March 2014

Commodity Market Update (Silver):

Precious metals are trading lower with Gold trading at 1340.0, lower by 0.77% or 10 points and Silver is at 21.26, lower by 1.25% as we write this. An important resistance for Gold is around 1350.00 and prices declined as failed to sustain above that. Silver followed Gold and traded similarly in the morning hours. Crude oil on NYM is trading in red with a decline over a percent at 103.73, support is at 103.30. Natural gas is at 4.56, adding 0.36%, intraday bias stands neutral for Natural Gas. Base metals are trading in green with Nickel recording the maximum gains of 0.65% at 14796.0 and Copper is at 6982.0, up by 0.21% as we write this.

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