BC Copper 2604 Contract Fluctuated and Closed Higher, Boosted by Warm Macro Sentiment and Precious Metals [SMM BC Copper Review] - Metal.com

SMM notes the BC Copper 2604 contract chopped around but ultimately closed higher on improved macro tone, with precious metals also contributing to risk-on sentiment. For the metals complex, the takeaway is cross-asset beta: a firmer macro backdrop can lift industrial metals and keep supportive spillover under gold/silver even if the impulse isn’t PM-specific. Desk watchpoints are China activity headlines, USD/CNY and rates—if macro optimism persists, silver tends to outperform gold on the cyclical tilt. Use copper strength as a confirmatory signal for silver/risk appetite rather than a standalone gold driver.