Commodity Market Update (Silver)

Precious metals on CMX are trading higher after the last couple of sessions’ steep decline. Actively traded Gold contract is trading at 1315.20, up 4 points or 0.31% after having tested a high of 1318.00 and Silver tested a high of 20.215 before settling at 20.16, up half a percent or 9 cents an ounce. Base metals prices on LME are trading higher since morning on the back of increase demand from China. 3-month Copper is leading the metals group, up 1.12% or 72.50 points to trade at 6542.00, followed by rest of the metals which are up more or less a percent each. WTI Crude Oil is trading at 99.83, up 0.23 points while Natural Gas trading up 0.77% or 0.033 points to trade at 4.309 per mmbtu.