Commodity Market Update (Silver)

Gold traded near the lowest level in a week before Federal Reserve policy makers gather and as European finance ministers agreed to work with the new Greek prime minister to keep the country in the euro. Actively traded Gold contract was trading lower and tested a low of 1272 level but later on recovered all of its losses and trading in green at 1281.70, up 2.30 points. Silver is trading down 4 cents or 0.24% to trade at 17.945 after having tested a low of 17.92 an ounce. WTI Crude Oil is trading down at 45.05, down 11 cents after having tested a low of 44.81 while Natural Gas surged over 3% or 9 cents to trade at 2.971 per mmbtu. Base metals were trading lower in the early session but later on recovered some of lost ground and trading mixed as we write this. 3-month Zinc is adding 0.75% or 16 points to 2149.00 while Copper is losing around a percent or 55 points to trade at 5559.00 after having tested a low of 5525.50 per metric ton.