Wednesday 12 March 2014

Commodity Market Update (Silver)


Precious metals are trading higher today, the most actively traded Gold contract is at 1348.30, adding 0.53% or 7 points at 1348.0 and Silver is at 21.05, +0.67% as we write this. The intraday bias stands bullish and we can see prices moving higher in coming sessions. Crude Oil and Natural gas are also trading in green today. Crude oil is higher by 0.31% at 101.43and Natural Gas is at 4.65, up by 0.2%. intraday bias remains positive for both Crude Oil and Natural Gas. Base metals bounced sharply after last sessions steep decline. 3M Copper on LME is trading at 6690.0, up by 0.13% and Nickel is at 15700.0, higher by 1.48%. Intraday bias remains positive for base metals.

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