Spot silver prices have reached their highest point in a month after a period of volatility around $30.50. Buyers have taken control from sellers, resulting in higher prices. The target is to reach the highs seen in late October.
In early trading, Brent crude oil prices are continuing to rise and are aiming to test the $74.00 level. If this upward momentum continues, the $75.00 area will be crucial for further gains. Support for Brent crude oil prices remains steady around $70.50.
New York cocoa prices have also surged to a five-month high after hitting a low in late October. This increase brings the prices back to levels not seen since June. However, caution is advised as the price may be overextended in the short term. While there is strong upward movement, historical data suggests the potential for a sharp decline following such peaks.