Last Updated August 12, 2020 at 1:50 GMT
The instruments in the metals asset class that made the biggest moves, on a percentage basis, over the past day were Silver, Palladium, and Platinum. The chart below illustrates. None of the moves in the past day were especially noteworthy in terms of their size relative to their volatility over the past 30 days.
Relative to other instruments in the metals asset class, copper ranked 4th since yesterday in terms of percentage price change.
For another vantage point, consider that platinum’s price has gone up 7 of the previous 10 trading days.
Relative to other instruments in the metals asset class, palladium ranked 2nd since yesterday in terms of percentage price change.
Typically in the past, when the silver price enjoyed a price increase, it occurred as the commercials increase their net short posting.
After a while they released it but not after expentional raising the gold price.
On a relative basis, copper was the worst performer out of all 5 of the assets in the metals asset class today.
Out of the 5 instruments in the metals asset class, palladium ended up ranking 3rd for the day in terms of price change relative to yesterday.
Relative to other instruments in the metals asset class, platinum ranked 2nd since the day prior in terms of percentage price change.
In addition to silver futures trading on the comex, silver futures contracts are also traded on a number of other futures exchanges around the world, and these other trading venues also support price discovery of the silver price….
Relative to other instruments in the metals asset class, gold ranked 4th since the previous day in terms of percentage price change.