Analysis
Commodities Analysis
Analysis coverage in Commodities Analysis.
Commodities Analysis
Contango vs Backwardation: Why Commodity Returns Can Defy Spot Prices
A futures curve is not a forecast. Original worked examples and the 2020 WTI episode show how delivery months, convergence and product design change commodity returns.
Commodities Analysis
Gold Silver Ratio: What 26 Years of Data Say About Today's 70
The gold silver ratio is back near 70, its long-run average, after a wild swing from 105 to 44. We tested 26 years of daily data to see what extremes actually predicted.
Commodities Analysis
Silver Squeeze 2026: Is the Physical Market Still Tight?
Silver spiked above $121 in January and trades near $63 today. Five physical-market gauges show how much of the squeeze is left — and what would restart it.
Commodities Analysis
Copper Price Forecast 2026: Analyst Targets & Market Outlook
Copper trades near $13,800/t while Goldman, JPMorgan and Cochilco model $11,000-$11,500. We break down the gap, the Section 232 tariff catalyst and our scenario weights.