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Metals Price Discovery Is Shifting East, Driving Volatility

Source: SeekingAlpha

2026-02-06 09:00:00 ET

By Ewa Manthey , Commodities Strategist

SHFE sets the pace

Activity on the Shanghai Futures Exchange (SHFE) has surged during the latest rallies across base and precious metals. Rising turnover and open interest signal a greater role for speculative positioning in driving momentum, and notably, key price breaks in gold and silver have increasingly occurred during Asian hours, with Europe and the US following rather than leading....

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Metals Price Discovery Is Shifting East, Driving Volatility
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