Explore Special Offers & White Papers from AFS

Prices Higher in Metals


For the 2nd time this week it would appear as if the gold and silver markets are favoring the flight to quality focus with the positive news from the vaccine trial Monday pushing out a wave of longs and deteriorating sentiment from infections overnight providing some fresh return buying.


While the palladium market initially stood up to the aggressive liquidation in other precious metals markets yesterday, but it finally succumbed to the selling wave with the largest decline since late July. In other words, palladium is clearly acting like gold and silver, with “risk on” psychology pulling money away instead of pulling money in off hopes of improved physical demand. With a pattern of lower highs following last week’s highs, the platinum bulls are not easily pulled into the market.


We now expect copper to settle into a choppy trade with that trading range defined as $3.20 and $3.08. Obviously, infection rates are once again undermining global equity market sentiment and that negative influence is magnified with recent Chinese numbers disappointing.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore Special Offers & White Papers from Archer Financial Services

Get Started

Contact Us Today