Commodities Analysis & Opinion

By Mike Maharrey, Money Metals ExchangeSilver demand is expected to hit 1.2 billion ounces this year. That would rank as the second-highest annual silver demand on record.Record industrial demand for...

One of the biggest challenges in the global oil market in recent years has been the commitment between OPEC and Russia to try to work together to support global oil prices. For OPEC to learn lessons,...

Oil is correcting 0.2% on Monday after closing almost 2% higher on Friday and peaking at 3.4%. WTI’s high of $80.3, last seen in November 2023, and a consolidation above $79 would indicate a...

Crude oil's dramatic surge, predating OPEC+'s supply cut extension, hints at a week filled with potential market volatility. On the macro front, the week is brimming with impactful data releases and...

Technical OverviewWest Texas Intermediate (WTI) oil maintains its upward channel on the daily chart, initiated in mid-December. After a period of range-bound trading, Friday's session concluded above...

Gold XAU/USD: Built on the 2-week bull trend and after we beat last week's high on Friday at 2041/42 for a buy signal. After Thursday's high exactly at resistance at 2049/50 prices reversed and made a...

A bold title to head this recital, Gold on Friday posting its best low-to-high intraday gain (+2.4% or +50 points) since 13 December toward settling the week at 2092, essentially tying its...

Thursday's price action left behind important short-term clues on the chart. Who will use them to their advantage?Technical Picture of Crude OilBriefly: in my opinion, no positions are justified from...

Natural gas storage capacity hasn't increased at a pace with production, which has been soaring in the past decade. Adjusted for inflation, natural gas prices slumped last week to their lowest level...

Natural gas prices could be bottoming. From October 9th, 2023, when prices in futures traded at 3.325 until February 20, 2024, when prices troughed at 1.60, natural gas prices fell nearly 60%. Plus,...

Oil prices hit a three-and-a-half month high, yet the oil products flopped in hopes that refiners may be able to meet current demand. Even as gasoline demand hit a three-week high, distillate demand...

GDXJ declined once again yesterday, but the situation in silver juniors is even worse!Silver Juniors in TroubleYes, it is possible for a market to be in an even worse position than gold junior mining...

America continues to build up its oil reserves, albeit at a relatively slow pace and from a low base. Last week, commercial oil inventories rose by 4.2 million barrels. About ¾ million barrels...