Futures Markets

Metals Futures

Copper Futures

%
High: Low:

Gold Futures

%
High: Low:

Silver Futures

%
High: Low:

Palladium Futures

%
High: Low:

Platinum Futures

%
High: Low:

Precious and non-Precious Metal Futures

In the modern day world of technology, metals have never been more important for society to continue moving forward and maintain the infrastructure already in place. Though the mining and processing of metals has matured with the cultures that rely on them, man’s reverence and dependence on metals is anything but new. Historically, metals have always been seen as an investment regardless of how technology changes and demand for these highly conductive products grow. Used to portray wealth and power through the ages, metals drive markets and define cultures.

Metals are usually classified as either precious or non-precious, depending on their rarity, worth and usage. Precious metals are rare and can be used in currencies or for industrial needs. The most common metals markets are gold, silver, platinum, palladium, aluminum, copper, lead, nickel, tin and zinc which can be traded on the New York Mercantile Exchange (NYMEX) and the London Metal Exchange (LME). These are not the only exchanges that trade metals, gold is especially popular, but they are the most commonly used for futures and options.

Popular Metals Futures Contracts

Gold – Arguably the most revered metal and volatile of all the metals contracts, gold has a long history of affecting cultures even before the written word. With the evolution of technology to incorporate precious metals and a long standing history of representing affluence, gold is a heavy hitter that moves other markets when it moves.

Silver – Like gold, silver is regarded as both ornamental and practical. Used for jewelry and tableware as well as industrial uses such as photographic emulsions, electronic circuits, and batteries, silver remains one of the most traded metals on the market.

Copper – Although copper is a non-precious metal, it is widely used to conduct electricity and because of this our electrical and communication infrastructure is completely dependent on this malleable metal. It is also used to produce brass and bronze. At our current state of technology, copper has consistent demand.

Palladium – Much like other futures contracts, palladium futures are a standardized exchange traded contract in which buyers agree to accept delivery of a previously determined quantity upon contract expiration. Knowns as the jack of all trades, Palladium is often recognized as the most versatile of all metals traded on the CME. Palladium is used in everything from civil engineering to dentistry.

Platinum – Platinum is a very rare precious metal and is often considered to be more valuable than gold. In fact, most experts believe that platinum is 15-20% rarer than gold. Almost all of the world’s supply of platinum comes from The Republic of South Africa, Canada, Russia, and the U.S. The lion’s share of the world’s platinum consumption is from the jewelry field, with the automotive industry coming in seconds place. Currently, the U.S. is the world’s largest importer of platinum.

Metal Futures Resources

Fundamental of Trading Metals Futures

Gold is Broken Right Now

Joshua Graves

Silver Needs More in Order to Move Higher

Eli Tesfaye

Gold Needs a Stimulus Deal

Frank J. Cholly

Silver Trading Relatively Flat

Eli Tesfaye

Gold Continues to Follow Equities

Joshua Graves

Technical Overview w/Adam Tuiaana – Bull Call Spread on Gold

Adam Tuiaana

Mid-Week Metals w/Bob Haberkorn – 10/01/2020

Bob Haberkorn

Silver Having a Bad Week

Tyler Herrmann

Is It Too Soon to Call a Bottom in Gold?

Frank J. Cholly

Silver Peak/Reversal Count Intact Below Minimum $24.00

RJO Market Insights