Copper Nears Record High as Traders Tune Out Trump’s Iran Rejection

Copper is defying the ‘war discount’ usually applied to industrial metals, nearing an all-time high on Monday as a brutal supply crunch proves more powerful than the threat of a global recession The three-month contract on the London Metal Exchange climbed as much as 0.5% to $13,643 a ton, its strongest intraday print since the January 29 spike that briefly carried …

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Silver: Eastern demand supports resilient upside – TD Securities

TD Securities strategists note Silver is maintaining its upside, trading resiliently despite higher energy prices. While recent CTA (Commodity Trading Advisors) buying has slowed, they see renewed interest from Chinese traders on SHFE (Shanghai Futures Exchange) and strong Chinese premiums. The open import arbitrage suggests Eastern demand is a key driver of Silver’s strength beyond systematic CTA flows. Chinese demand underpins silver …

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