Copper price stabilizes after volume decline

The metal markets are stable, while copper is experiencing a remarkable increase in attention. Despite a significant drop in trading volume compared to the previous day, the price per pound of copper remains constant. This development could be attributed to a number of factors, including possible market speculation and investors' interest in commodities as a safe investment option. The estimated trading volume on Thursday morning amounts to 51,413 units, while on Wednesday almost twice as much was traded with 94,851 units. This decrease in trading volume could indicate a cautious market assessment, with investors possibly waiting to see how global economic factors develop before taking larger positions. Particularly interesting is the change in open interest in the market. An increase of 6,333 units signals that despite the reduced trading volume, interest in copper as an asset class has risen. This is likely to capture the interest of traders and analysts alike, who will now be observing how this trend develops further.