Traders Place Bullish Bets on Rising Silver, Copper Prices
Silver and copper prices have been on the move higher as uncertainty fills the commodities market after the inauguration of Donald Trump. Traders have been adding bullish bets on both metals, opening opportunities in ETFs that track both of these commodities.
Tariff Threats Boost Silver & Copper Prices
The threat of tariffs is ramping up ahead of the inauguration of President-elect Donald Trump. This is pushing up silver and copper prices, opening opportunities in those two metals.
Investment Funds Remained Long on Copper in 2024
After an uptrend to start the year, copper prices (as reflected in futures prices) trended in the opposite direction in the second half. Nonetheless, investment funds have remained long on copper.
Supply Shortages Could Provide Bullish Backdrop for Copper
The ongoing global electrification is spurring a demand for copper. But supply shortages could portend higher prices in the future.
