The Silk - Commodity Forecast BETA

2026-05-02 · 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 statistical 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.

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.

PDS Coherence Dashboard. The bottom panel decomposes the PDS score into its three components: amplitude stability (how steady the signal's strength is), phase coherence (how aligned its frequency cycles are), and coupling (how strongly the voices interact). The Mode column shows whether the score is driven by one dominant frequency (atomic) or a blend of several (composite). Consonance describes whether the frequency voices are harmonically related (consonant), competing (tense), or breaking apart (dissonant). Use this panel for deeper signal-quality analysis beyond the headline PDS number in the signal table.

Situation

Metals
↗
Lithium critical at +3.79σ/60d; Rare Earths +2.23σ alert; Copper +1.73σ watch
Energies
↗
Uranium alert at +2.36σ/30d; Crude Oil +1.66σ watch; NatGas quiet
Ags
↗
Wheat alert at +2.28σ/252d; Soybeans & Corn lack breakout signals
Softs
↘
Sugar weak at -1.57σ/252d watch; Coffee elevated but no z-breakout
AUD
↗
AUD strengthening at z30=+1.79, aligned with metals/energy bid
CAD
↗
CAD mildly firm at z30=+0.35, modest energy tailwind
NZD
→
No z-score data available; direction indeterminate
BRL
↗
BRL strong at z30=+2.08, supported by broad commodity rally

Silk Spiderweb Context

Direction ratio: 75% bullish (-12pp weekly)
Sigma intensity: 1.75 (67% alert)
Yield curve: normal at +52bp
Geopolitical risk: 0.48 (stable)

Commodity Scan Summary

Scanned: 14 contracts
Breakouts: 8
PDS computed: 14

Signal

AssetSectorPrice Z-ScoreWindowDir PDSCurrency
ALB [critical] metals $215.62 +3.79σ 60d up 0.49 strengthening
URA [alert] energy $55.27 +2.36σ 30d up 0.41 strengthening
ZW=F [alert] agriculture $608.25 +2.28σ 252d up 0.40 strengthening
PDBC [alert] broad $17.35 +2.24σ 252d up 0.50 —
REMX [alert] metals $103.05 +2.23σ 30d up 0.46 strengthening
HG=F [watch] metals $6.05 +1.73σ 30d up 0.42 strengthening
CL=F [watch] energy $89.58 +1.66σ 252d up 0.41 strengthening
SB=F [watch] softs $13.82 -1.57σ 252d down 0.43 strengthening

Opportunity

PRIMARY
Lithium (Albemarle proxy) (ALB): CRITICAL +3.79σ → short (63%, drivers: z_score, pds_coherence(0.49), currency_z(1.8), silk_ratio(0.75))
50%
PRIMARY
Uranium ETF (URA): ALERT +2.36σ → long (59%, drivers: z_score, pds_coherence(0.41), currency_z(0.4), silk_ratio(0.75))
50%
PRIMARY
Wheat (ZW=F): ALERT +2.28σ → long (61%, drivers: z_score, pds_coherence(0.40), currency_z(1.2), silk_ratio(0.75))
50%
PRIMARY
Diversified Commodity ETF (PDBC): ALERT +2.24σ → long (60%, drivers: z_score, pds_coherence(0.50), silk_ratio(0.75))
50%
PRIMARY
Rare Earths ETF (REMX): ALERT +2.23σ → long (63%, drivers: z_score, pds_coherence(0.46), currency_z(1.8), silk_ratio(0.75))
50%
SECONDARY
Copper (HG=F): WATCH +1.73σ → long (57%, drivers: z_score, pds_coherence(0.42), currency_z(1.8), silk_ratio(0.75))
50%
SECONDARY
Crude Oil WTI (CL=F): WATCH +1.66σ → long (54%, drivers: z_score, pds_coherence(0.41), currency_z(0.4), silk_ratio(0.75))
50%
SECONDARY
Sugar (SB=F): WATCH -1.57σ → short (58%, drivers: z_score, pds_coherence(0.43), currency_z(2.1), silk_ratio(0.75))
50%

PDS Coherence Dashboard BETA

AssetPDSStability CoherenceCoupling ModeConsonance
ALB 0.486 0.70 0.73 0.03 composite tense
URA 0.408 0.61 0.55 0.07 composite tense
ZW=F 0.395 0.63 0.46 0.10 composite tense
PDBC 0.497 0.68 0.78 0.03 composite tense
REMX 0.464 0.69 0.65 0.05 atomic tense
HG=F 0.424 0.74 0.47 0.06 atomic consonant
CL=F 0.412 0.78 0.39 0.07 composite dissonant
SB=F 0.433 0.65 0.61 0.04 composite tense
GC=F 0.495 0.72 0.67 0.10 composite tense
SI=F 0.402 0.59 0.54 0.08 atomic dissonant
NG=F 0.400 0.72 0.41 0.06 atomic dissonant
ZS=F 0.423 0.63 0.57 0.06 composite consonant
ZC=F 0.413 0.74 0.44 0.05 composite tense
KC=F 0.538 0.70 0.80 0.12 composite tense