The Latest Breaking News from Comex

Silver has been in a bullish trend since the 2020 pandemic-inspired low of $11.64. In early September 2025, silver prices are over three times higher, with the latest peak above $40 per ounce.

A weaker dollar index and marginally higher long-term bond prices were primarily bullish factors for commodities in August. The September dollar index moved 2.06% lower, while the December U.S. 30-year Treasury bond futures rose only 0.52% to 114-07 at the end of August. However, the commodities asset class responded to…

The futures reached a record high on Friday after the US reportedly placed tariffs on imports of one-kilo gold bars.

Nearby COMEX copper futures in late July rose to a new record high of $5.8950 a pound. Last week the bottom fell out of the red industrial metal’s futures market.

Commodity prices turned in mixed results in July 2025. Lower liquidity during the summer could have contributed to extreme volatility in the copper market. A strong dollar and lower US government bond prices were not bullish for the commodities asset class.

The U.S. tariffs have caused COMEX copper prices to experience extreme price variance over the past months, leading to new record highs. Meanwhile, three-month LME copper forwards have not challenged their Q2 2024 all-time price peak. While the U.S. futures have been far more volatile than the U.K. forwards, fundamentals…

Just when the copper code had been cracked by traders (or so they thought), President Donald Trump‘s tariff surprise slammed copper prices, and in turn copper ETFs, into a loss spiral, resulting in a path of losses, confusion, and a storage facility full of losing wagers.

Freeport-McMoRan Inc. (NYSE:FCX) reported better-than-expected second-quarter results on Wednesday, driven by strong copper and gold sales volumes, lower costs, and favorable pricing. The company also marked a major operational milestone with the start-up of its new copper smelter in Indonesia.

Gold and silver could both hit new record highs before the Labor Day holiday in the U.S.

The base metals composite edged lower in Q2 but was higher over the first half of 2025. Copper was particularly volatile, with the price dropping from over $5 to challenge critical support at $4 before returning to the $5 per pound level at the end of Q2.

The precious metals sector of the commodities market was the best-performing sector in Q2 and over the first six months of 2025. While gold reached a new record high in Q2, silver, platinum, and palladium prices rallied, with all four metals posting over 20% gains over the first half of…