The Futures Rundown 95: We Owe It All To The Meats!!

Energy and precious-metals moves this week reflect geopolitical risk premium and technical rhythm, not fresh supply-demand shifts, says Gramza.

• Crude and heating oil lead gains: WTI rose 7.75% and heating oil nearly 7.25% on the week, which Dan Gramza attributes to geopolitical risk premium (Red Sea disruptions, Iran tensions) rather than actual supply shortages.
• Silver sells off sharply: Silver fell 7.6% this week and is down 23.5% year-to-date; Gramza sees next support near $51, then $48.50, before a drop to $40, but doubts a sustained move that low without fresh fundamental drivers.

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