Silver Futures(JUL4) Forum

Hello mooers! Check out the latest market dynamics of the metals and mining industry over the past week.
•Base metals: Copper pullback from record high
•Precious metals: Gold prices dropped on hawkish Fed, US data
•Bulk commodity: Iron ore prices climbed to 3-month high on China's support measures
Spot Price Snapshot
Key Price Moves
Iron ore futures surged to a three-month high...

Hello mooers! Check out the latest market dynamics of the metals and mining industry over the past week.
•Base metals: Copper pullback from record high
•Precious metals: Gold prices dropped on hawkish Fed, US data
•Bulk commodity: Iron ore prices climbed to 3-month high on China's support measures
Spot Price Snapshot
Key Price Moves
Iron ore futures surged to a three-month high...

On this Monday, the London Metal Exchange witnessed a significant surge in benchmark copper prices, reaching an unprecedented nominal peak above the $11,000/t mark. This milestone eclipsed the previous high of $10,850, recorded in 2022.
However, the market saw a dramatic reversal on Wednesday, with prices plummeting 4.3% to $10,396/t—marking the steepest single-day drop since July 2022. Despite this midweek slump, copper prices have maintain...

Gold's record-breaking rally and the continued march higher for silver and copper are fueling the rally in mining stocks and Canadian equity indices.
Precious metals extended their rally after Iranian President Ebrahim Raisi was killed in a helicopter crash, fueling uncertainty over the succession of power in the country. Investors are also piling on metals amid speculation that the U.S. Federal Reserve may start cu...

Friday was an exhilarating day for the metals market, as gold futures reached their highest settlements on record, and silver prices achieved their highest close since 2013.
Gold, silver and copper are all experiencing notable gains from economic uncertainty boosting demand for safe-haven assets, supply-chain disruptions impacting availability, and increased industrial demand, particularly for green technologies," said Adam Koos, presiden...