Commodity Market Update (Silver)

Precious metals are trading lower today with Gold trading at 1290.50, down by 9 points or 0.65% and Silver is at 19.38, down by more than a percent as we write this. The near term outlook seem negative for Gold and Silver and we can see prices drifting lower in coming sessions. Base metals on LME are trading slightly positive with Copper is trading at 6760.0, adding 0.22% or 15 points and Nickel is at 18304.0, up by a percent at the time of writing this. On energy section, Crude Oil is at 101.32, up by half a percent and Natural Gas is at 4.77, down by 0.56%. We maintain a neutral outlook on energy complex.