Silver Trading Range For The Day Is 46247-47433

Silver trading range for the day is 46247-47433.

Silver prices rallied as investors await more details on the phase one trade deal agreement between the U.S. and China.

Prices are rising on apprehensions over the U.S.-China trade deal and Trump and his impeachment proceedings.

U.S President Donald Trump said, he and Chinese President Xi Jinping will hold a ceremony to sign the agreement.

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Gold Trading Range For The Day Is 38679-39295

Gold trading range for the day is 38679-39295.

Gold prices rose holding firm above the key $1,500 level, as investors braced for a robust equity rally to run out of steam.

Meanwhile, news that Russia could consider a part-investment of its National Wealth Fund in gold provided some further support to the yellow-metal

Gold prices flipped to a premium in India due to limited supplies even as demand remained subdued, while other Asian regions barely saw any holiday purchasing.

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Copper Jan Daily Chart Has Formed "Megaphone Chart" Pattern

Copper Jan daily chart has formed "Megaphone chart" pattern. The last few sessions been in sideways trend along with some corrections inside the channel.

The market is expected to continue on bullish momentum based on the current price action, testing all the way through 450 level in the upcoming sessions.

Alternatively, if the market breaks below a key support holding at 444 then it might turn bearish once again. The downside rally could test up to 440 level. Key resistance holds at 450.

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Natural Gas Daily Chart Has Formed “Falling Channel” Pattern

Natural gas daily chart has formed “Falling channel” pattern. The last few sessions ended up in sideways trend inside the channel.

The market is expected to continue on bullish momentum based on the price action, once the same breaks above a key resistance holding at 165. The upside rally could be testing all the way through 172 levels in the upcoming sessions.

Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 156 level. Key support holds at 156.

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Zinc Prices Fell As A Rise In Chinese Inventories Stoked Demand Concerns

Zinc trading range for the day is 177.6-181.2.

Zinc prices fell as a rise in Chinese inventories stoked demand concerns and prompted investors to go short on the metal used to galvanise steel.

However, zinc inventories in warehouses monitored by the Shanghai Futures Exchange have almost halved in the fourth quarter.

Warehouse stock for Zinc at LME was at 51900mt that is down by -500mt.

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Copper Trading Range For The Day Is 441.4-448.2

Copper trading range for the day is 441.4-448.2.

Copper settled down despite of progress on a U.S.-China trade deal and improved economic data lifted some clouds from the demand outlook.

China will lower tariffs on some products next year as Beijing looks to boost imports and economic growth.

China imported 101,835 mt of copper scrap in November, down 58% from a year ago, according to data from China customs.

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Silver Trading Range For The Day Is 44343-45377

Silver trading range for the day is 44343-45377.

Silver pared gains worries about U.S.-China trade dispute eased following the two countries agreeing on a phase one trade deal and looking set to sign the agreement early next month.

U.S. home sales dropped more than expected in November due to an ongoing shortage of properties for sale.

The U.S. current account deficit fell to more than a one-year low in the third quarter as imports declined sharply and the surplus on primary income swelled.

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