Commodity Trade Mantra

Posts Tagged ‘Industrial Metals’

Silver Prices on Fire - Can hit $25 an ounce by the End of 2016

Silver has outshined its sister metal since the U.K.’s decision to leave the European Union sparked turmoil in global equities markets, and the rally could lift the white metal to a three-year high. Silver prices are set to surpass some analysts’ $22 predictions from earlier this year & talk of $25, $27, & even $32 have emerged. Those levels would take prices to their highest since at least 2013.

Can Silver keep Soaring on Lack of Market Risk Appetite?

A difference of opinion is emerging in the markets over whether silver can extend its recent strong gains. The price of silver rose more than 6% on Friday and another 4% early Monday to top $21 per ounce for the first time since 2014. The uncertainty in Europe caused by Brexit will continue. Add into the mix fears over Italian banks, & investors will continue to flock to silver & other precious metals.

Commodities Plunge To New 16 Year Low; Oil Slides On Venezuela Warning

The Bloomberg Commodity Index is set for its worst year since the financial crisis, plunging 23 percent. It’s not just the metals though: crude oil also started the session off on the wrong foot, following this weekend’s comments from Venezuela that oil prices may drop to as low as the mid-$20s a barrel unless OPEC takes action to stabilize the market.

Copper Prices Decline To Levels Below Cost of Production

There are various estimates for what the Marginal Cost of getting Copper out of the ground is before supply is taken offline completely. But it is reasonable to assume that Copper is currently being priced well below the long term Production Cost of Processing the Industrial Metal. The $2 Copper could well be setting up for an ample short covering rally before 2015 ends.

follow us

markets snapshot

Market Quotes are powered by India

live commodity prices

Commodities are powered by India

our latest tweets

follow us on facebook