The Silk - Commodity Forecast BETA

2026-04-18 · local

About This Report BETA

This is the downstream commodities report — a daily forecast of metals, agriculture, energies, and softs that extends the Silk Report's spiderweb analysis into commodity markets.

Silk Report linkage. The Silk Report scans equities, forex, rates, and crypto for statistical breakouts and generates a daily spiderweb summary (direction ratio, sigma intensity, yield curve, geopolitical risk). This commodity report ingests that spiderweb as its primary context, then runs an independent scan of 14 commodity contracts and 4 commodity-linked currencies (AUD, CAD, NZD, BRL) to find where commodity prices diverge from or confirm the broader market picture.

Signal table. Each row is a commodity that triggered a breakout. The PDS column is a Polyphonic Drift Score (0-1) measuring how coherent the asset's frequency-domain structure is — higher scores mean the price signal is more internally consistent. The Consonance column describes whether the asset's frequency voices are harmonically related (consonant), fighting each other (tense), or breaking apart (dissonant).

Opportunity panel and percentages. Each opportunity shows a conjunction-bounded probability — the estimated chance that the trade is profitable over a 4-day holding period. The percentage starts from a calibrated base rate (55% for ALERT signals, 50% for WATCH) and is adjusted by how many supporting drivers align: PDS coherence, commodity-currency direction, and Silk spiderweb direction. When multiple correlated drivers agree, the probability is decayed (not stacked) to avoid overconfidence from signals that share a common cause.

Situation

Silk Spiderweb Context

Direction ratio: 89% bullish (-11pp weekly)
Sigma intensity: 1.56 (56% alert)
Yield curve: normal at +54bp
Geopolitical risk: 0.42 (stable)

Commodity Scan Summary

Scanned: 14 contracts
Breakouts: 8
PDS computed: 14

Signal

AssetSectorPrice Z-ScoreWindowDir PDSConsonanceCurrency
URA [alert] energy $55.86 +2.29σ 30d up 0.37 composite strengthening
SB=F [alert] softs $13.31 -2.14σ 252d down 0.53 composite strengthening
ALB [alert] metals $197.75 +2.06σ 60d up 0.49 atomic strengthening
PDBC [watch] broad $16.84 +1.95σ 252d up 0.51 atomic —
REMX [watch] metals $101.63 +1.83σ 252d up 0.53 composite strengthening
HG=F [watch] metals $6.10 +1.82σ 30d up 0.54 atomic strengthening
ZW=F [watch] agriculture $591.25 +1.77σ 252d up 0.34 composite strengthening
CL=F [watch] energy $83.85 -1.72σ 30d down 0.52 composite strengthening
GC=F metals $4,817.20 — — — 0.45 composite strengthening
SI=F metals $78.92 — — — 0.47 composite strengthening
NG=F energy $2.67 — — — 0.42 atomic strengthening
ZS=F agriculture $1,162.50 — — — 0.50 composite strengthening
ZC=F agriculture $457.75 — — — 0.40 composite strengthening
KC=F softs $290.65 — — — 0.43 composite strengthening

Opportunity

PRIMARY
Uranium ETF (URA): ALERT +2.29σ → long (64%, drivers: z_score, pds_coherence(0.37), currency, silk_direction)
50%
PRIMARY
Sugar (SB=F): ALERT -2.14σ → short (58%, drivers: z_score, pds_coherence(0.53))
50%
PRIMARY
Lithium (Albemarle proxy) (ALB): ALERT +2.06σ → long (65%, drivers: z_score, pds_coherence(0.49), currency, silk_direction)
50%
SECONDARY
Diversified Commodity ETF (PDBC): WATCH +1.95σ → long (57%, drivers: z_score, pds_coherence(0.51), silk_direction)
50%
SECONDARY
Rare Earths ETF (REMX): WATCH +1.83σ → long (61%, drivers: z_score, pds_coherence(0.53), currency, silk_direction)
50%
SECONDARY
Copper (HG=F): WATCH +1.82σ → long (61%, drivers: z_score, pds_coherence(0.54), currency, silk_direction)
50%
SECONDARY
Wheat (ZW=F): WATCH +1.77σ → long (59%, drivers: z_score, pds_coherence(0.34), currency, silk_direction)
50%
SECONDARY
Crude Oil WTI (CL=F): WATCH -1.72σ → short (53%, drivers: z_score, pds_coherence(0.52))
50%

PDS Coherence Dashboard BETA

AssetPDSStability CoherenceCoupling ModeConsonance
URA 0.366 0.64 0.41 0.05 composite tense
SB=F 0.526 0.75 0.76 0.07 composite tense
ALB 0.494 0.80 0.67 0.02 atomic dissonant
PDBC 0.508 0.68 0.79 0.05 atomic tense
REMX 0.531 0.83 0.73 0.03 composite dissonant
HG=F 0.541 0.72 0.84 0.07 atomic tense
ZW=F 0.345 0.58 0.40 0.06 composite tense
CL=F 0.522 0.84 0.66 0.06 composite tense
GC=F 0.455 0.70 0.59 0.08 composite tense
SI=F 0.466 0.69 0.63 0.08 composite consonant
NG=F 0.421 0.65 0.55 0.06 atomic consonant
ZS=F 0.499 0.62 0.78 0.09 composite tense
ZC=F 0.403 0.77 0.40 0.04 composite tense
KC=F 0.432 0.73 0.48 0.09 composite tense