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Silver COT PLUS: May Cotton, New Crypto Contracts, CannonEdge, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on February 25th, 2026

Posted on February 24, 2026 by Cannon Operations

Silver COT

By John Thorpe, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	5025.40	5101.20	5185.30	5261.10	5345.20
Silver (SI) — Mar. (#SI)	82.71	84.96	86.86	89.11	91.00
Crude Oil (CL) — April. (#CL)	64.70	65.46	66.30	67.06	67.90
Mar. Bonds (ZB) — Mar. (#ZB)	117 17/32	117 25/32	117 31/32	118 7/32	118 13/32

Much, like yesterday’s exploration of the recent silver volatility by Eli Levy on this forum.

silver

Silver Volatility

I wanted to add to the conversation by including the differences in the Commodity Futures Trading Commissions Weekly Commitment of Traders (COT Report). The before and after data of that historical spike and selloff in that market illustrate yesterday’s blog. Follow the tables Commitments of Traders | CFTC

In the Commitment of Traders report:

what were the major differences between Comex silver positions on January 27th and February 3rd 2026?

Non‑commercials cut longs and shorts, commercials covered a chunk of shorts, spreads ticked up, and total open interest dropped notably between 27 Jan and 3 Feb 2026 for COMEX silver futures.

Key numbers: standard silver (5,000 oz)

All figures are futures‑only, contracts of 5,000 oz.

Data from the CFTC legacy COMEX silver futures‑only reports for positions as of 27 Jan and 3 Feb 2026.

Major positioning shifts

Open interest contraction: OI fell about 8.6% (156,637 → 143,180), indicating broad position liquidation across categories rather than a one‑sided build.
Spec liquidation and short‑cover: Non‑commercials reduced longs by ~4.6k and shorts by ~6.8k, with a bigger cut on the short side, so the spec net long actually increased slightly even as gross length came down.
Commercial short‑covering: Commercials cut longs by ~9.5k and shorts by ~7.9k; their net short remained large but narrowed modestly as they covered more shorts than longs in absolute terms.
More spread activity: Non‑commercial spreads rose by 2,650 contracts, so a larger share of remaining interest was in calendar/relative value rather than outright directional risk.

Micro silver (1,000 oz)

In micro silver, OI dropped from 36,204 to 32,004, with non‑commercial longs down a bit, shorts slightly lower, and spreads up, while commercial participation was negligible on both dates.

Note on Spreads:

You’ll see spreads are the only category to increase OI above: spreads between front month and deferred only serve to reduce margins and price volatility in a carrying charge market. Thereby, not liquidating the position, but locking in a loss if long or gain if short without offsetting the initial position.

Introducing Cannon Edge — Your Daily Futures Snapshot

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

Current price and daily % change
30‑day and 52‑week highs/lows
PROPRIETARY Short‑term and long‑term trend signals
Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQQ.

May Cotton

May cotton stabilized its extended slide this month and activated upside PriceCount objectives. The chart is extending its recovery and taking aim at the second count which projects a possible run to the 66.68 area which is consistent with a challenge of the January high.

FREE TRIAL AVAILABLE

The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for February 25th, 2026

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Economic Reports

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All times are Central Time ( Chicago)

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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Silver Futures Amidst the Ongoing News Cycle PLUS: CannonEdge, New Crypto Products, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on February 24th, 2026

Posted on February 23, 2026 by Cannon Operations

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	5073.50	5163.50	5210.40	5300.40	5347.30
Silver (SI) — Mar. (#SI)	82.99	85.72	87.29	90.02	91.59
Crude Oil (CL) — April. (#CL)	64.46	65.45	66.36	67.35	68.26
Mar. Bonds (ZB) — Mar. (#ZB)	116 25/32	117 11/32	117 24/32	118 10/32	118 23/32

Weekly Market Update

By Eli Gal Levy, Series 3 Broker

silver

Silver Futures: Markets Edge Higher in Choppy Week as Investors Digest Heavy News Flow

I was wondering what to write about first this week, and silver futures seem to be an interesting story that is worth noting.

The Silver “Endgame”: Why the Next 96 Hours Matter

If you feel like the silver market is screaming, it’s because it is. After the historic chaos of January 30th—when silver plunged from $121 to the $60s in a single session—we are now entering a second “danger zone.”

As we look at the week ahead, the focus isn’t just on the price; it’s on the physical reality of the vaults. Here is what you need to know for your portfolio.

1. The Ghost of January 30th

Many analysts blamed the late-January crash solely on the “Warsh Shock” (the nomination of Kevin Warsh as Fed Chair). While that was the spark, the fuel was the February First Notice Day. Traders holding February contracts were staring down a deadline: pay 100% cash to take physical delivery or get out.

Because the market was over-leveraged, the “exit door” was too small for everyone to fit through at once. The result? A 30% liquidation event that reminded us that “paper silver” only works until someone asks for the metal.

2. The Shanghai Divergence

While Western markets are still licking their wounds at $87/oz, China is telling a different story. In Shanghai, silver continues to trade at a massive premium—at times 10% to 15% higher than New York. I read that the premium is because China charges a VAT for delivery, but after reading more, I see the VAT is on the buyer who takes delivery, not the seller.

Why? Because the East isn’t trading paper; they are consuming metal. Between the solar boom and EV manufacturing, China’s silver inventories are at 10-year lows. We are witnessing a global arbitrage where silver is being vacuumed out of Western vaults (COMEX) to satisfy Eastern industrial demand.

3. Red Alert: Friday, February 27th

The February contract is settling now, but the real monster is the March (SIH26) contract.

The Date: This Friday, February 27, is First Notice Day for March futures.

Silver – The Math:

There are currently hundreds of millions of ounces of “paper” silver claimed in March contracts, but COMEX registered inventories have dipped below 90 million ounces.

If even a fraction of March holders decide they want the physical metal instead of a cash settlement, the exchange will face a structural emergency.

Market Outlook: We may see volatility over the next four days.

The Bottom Line:

Watch through Friday’s Notice Day. If we don’t get the same result as the last notice day, that may signal that the “weak hands” have been flushed out and the physical buyers are in control. If you’re trading the March contract, ensure you have your exit or roll strategy finalized by Thursday morning. I will be writing an article in more detail on a prominent theory that suggests we are witnessing a fundamental shift in how silver is priced.

READ THE REST

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions and other financial instruments involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment.

Opinions, market data, and recommendations are subject to change at any time. I am registered solely as a commodities broker. Any references, recommendations & information contained in this article are of opinion only, should not be considered investment advice. And do not guarantee any profits.

Name	Exchange	Class	Exchange Symbol	CQG Symbol	Size
nano XRP	Coinbase	Crypto	XRP	XRP	500 XRP
XRP	Coinbase	Crypto	XRL	XRL	10,000 XRP
nano XRP Perp-Style	Coinbase	Crypto	XPP	XPP	500 XRP
nano Solana	Coinbase	Crypto	SOL	SOL	5 Solana
nano Solana Perp-Style	Coinbase	Crypto	SLP	SLP	5 Solana
Solana	Coinbase	Crypto	SLC	SLC	100 Solana
nano Ether Perp-Style	Coinbase	Crypto	ETP	ETP	0.1 Ethereum
Ether	Coinbase	Crypto	ETI	ETI	10 Ethereum
nano Ether	Coinbase	Crypto	ET	NET	0.1 Ethereum
nano Bitcoin	Coinbase	Crypto	BIT	BIT	0.01 Bitcoin
nano Bitcoin Perp-Style	Coinbase	Crypto	BIP	BIP	0.01 Bitcoin

Introducing Cannon Edge — Your Daily Futures Snapshot

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

Current price and daily % change
30‑day and 52‑week highs/lows
PROPRIETARY Short‑term and long‑term trend signals
Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQQ.

Daily Levels for February 24th, 2026

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day!

Click here for quick and easy instructions.

Economic Reports

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CPI Report Tomorrow PLUS: Silver Down, December Corn, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on February 13th, 2026

Posted on February 12, 2026 by Cannon Operations

CPI Report Tomorrow!

By Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4764.40	4851.60	4987.20	5074.40	5210.00
Silver (SI) — Mar. (#SI)	67.55	71.23	78.05	81.73	88.56
Crude Oil (CL) — Mar. (#CL)	60.75	61.82	63.46	64.53	66.17
Mar. Bonds (ZB) — Mar. (#ZB)	115 17/32	116 12/32	116 28/32	117 23/32	118 7/32

CPI, Silver, Presidents’ Day

Large moves across the board again today! Silver down $9 ( equivalent to $45,000 per contract….)
CPI report tomorrow will stir up additional volatility
President’s Day holiday is this Monday – Modified Schedule HERE.
Tomorrow is Friday the 13th….

Introducing Cannon Edge — Your Daily Futures Snapshot

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

Current price and daily % change
30‑day and 52‑week highs/lows
PROPRIETARY Short‑term and long‑term trend signals
Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQQ.

Dec. Corn

December Corn is completing its second upside PriceCount objective to the 4.64 area. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade. The chart has layers of additional resistance to contend with but if it can sustain further strength, the third count would project a possible run to the 4.73 area which is consistent with a challenge of the November high.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for February 13th, 2026

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Economic Reports

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New 100 Ounce Silver Contract, Weekly Brazilian Real, Levels, Reports; Your 4 Important Can’t-Miss

Posted on February 11, 2026 by Cannon Operations

New 100 Ounce Silver Contract

By Mark O’Brien, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4989.33	5050.57	5097.53	5158.77	5205.73
Silver (SI) — Mar. (#SI)	77.92	81.12	83.62	86.83	89.33
Crude Oil (CL) — Mar. (#CL)	63.30	64.14	64.98	65.82	66.66
Mar. Bonds (ZB) — Mar. (#ZB)	115 5/32	115 20/32	116 7/32	116 22/32	117 9/32

Metals – Silver:

The silver market is now more accessible than ever. This week CME Group introduced the 100-Ounce Silver futures contract. That’s 1/50th the size of the main 5,000-oz. silver futures contract. Each 1-cent move is equal to $1 for the contract and the contract moves in 1 cent increments. The current initial / maintenance margin requirements are $1,592 / $1,447.

For a complete rundown of the contract’s specifications, visit the CME Group’s Specifications.

Contact your Cannon Trading Co. broker for your FCM’s scheduled contract availability.

FCMs typically make new products available with restrictions regarding day trading / overnight margins, position limits, contract limits, i.e., front-month-only.

Bottom line: there a new low-cost, manageable futures contract letting you trade a position in silver with less capital.

This contract is now available on our FREE CannonX platform with symbol SICH26. Demo available here.

Introducing Cannon Edge — Your Daily Futures Snapshot

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

Current price and daily % change
30‑day and 52‑week highs/lows
PROPRIETARY Short‑term and long‑term trend signals
Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQQ.

Weekly Brazilian Real

The Weekly Brazilian Real satisfied its first upside PriceCount objective and is consolidating near its high. If the chart can resume its rally with new sustained highs, the second count would project a possible run to the .20440 area.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for February 12th, 2026

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Economic Reports

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Swinging Metals! Silver High to Low PLUS: Volatility, Bitcoin/Crypto, March Soybeans, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures on February 6th, 2026

Posted on February 5, 2026 by Cannon Operations

Swinging Metals!

Higher Volatility Across the Board – No NFP Report Tomorrow!

By Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	4654.03	4743.07	4894.03	4983.07	5134.03
Silver (SI) — Mar. (#SI)	59.82	66.46	78.15	84.79	96.48
Crude Oil (CL) — Mar. (#CL)	61.52	62.41	63.54	64.43	65.56
Mar. Bonds (ZB) — Mar. (#ZB)	113 30/32	114 24/32	115 6/32	116	116 14/32

Metals – Silver

The metals markets delivered another jolt today, with silver swinging more than $90,000 per contract from high to low!

Gold

Gold followed with outsized ranges of its own, while equity index futures continue to show elevated intraday volatility.

Bitcoin/Crypto

Bitcoin, micro bitcoin, ether and the rest of the family witnessed a large decline as well and you can see a weekly chart of the Bitcoin futures below as we approach a meaningfull level.

!!Volatility!!

In an environment like this, opportunity is real—but so is the danger. Traders must prioritize the risk side of the equation, from position sizing to stop discipline to understanding how quickly leveraged products can move.

The good liquidity in the different MICRO products across the board makes them a great tool for reduced position size and/ or utilize for possible hedge as needed.

NO NFP (Non-Farm Payroll)

HEADS UP: No NFP report tomorrow which is usually the first Friday of the month due to the partial govt. shutdown – right now it is scheduled to come out Wednesday, Feb. 11th at 7:30 AM Central.

Day trading margins vary among clearing firms / FCM’s. If needed, contact your Cannon Trading Co. broker for specifics.

Introducing Cannon Edge — Your Daily Futures Snapshot

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

Current price and daily % change
30‑day and 52‑week highs/lows
PROPRIETARY Short‑term and long‑term trend signals
Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQQ.

May Soybeans

May Soybeans stabilized and established a sideways range trade after completing the second downside PriceCount objective. Now, the chart has shifted its formation back to the topside and is activating upside counts where the first objective projects a run to the $11.32 area. It takes a trade above the December reactionary high to formally negate the remaining unmet downside counts.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for February 6th, 2026

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.

Economic Reports

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Metals Reach New Highs and Higher Margins! PLUS: March Dollar Index, Levels, Reports; Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on January 29th, 2026

Posted on January 28, 2026 by Cannon Operations

Metals New Highs & New Higher Margins!

By Mark O’Brien, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — April (#GC)	5114.63	5267.17	5346.13	5498.67	5577.63
Silver (SI) — Mar. (#SI)	107.75	112.29	114.95	119.49	122.15
Crude Oil (CL) — Mar. (#CL)	61.53	62.45	62.98	63.90	64.43
Mar. Bonds (ZB) — Mar. (#ZB)	114 14/32	114 25/32	115 2/32	115 13/32	115 22/32

Metals:

Once again we give you the story of the year and this blog’s broken record update: gold and silver are trading at all-time highs today. As of this typing, Feb. gold is trading up nearly $300 per ounce (a $30,000 per contract move) and trading over $5,375 per ounce.

Silver

March silver is trading up nearly $11.00 per ounce (a $55,000 per contract move) and trading near $117.00 per ounce.

Platinum

April platinum is trading up nearly $150 per ounce (a $7,500 per contract move) and is trading near $2,680 per ounce. This is off its $2,925.00 intraday high of Monday.

Last night, CME Group raised margins yet again on a number of precious metals futures contracts. Below are the new margins for the main precious metals futures contracts.

Day trading margins vary among clearing firms / FCM’s. If needed, contact your Cannon Trading Co. broker for specifics.

Introducing Cannon Edge — Your Daily Futures Snapshot

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

Current price and daily % change
30‑day and 52‑week highs/lows
PROPRIETARY Short‑term and long‑term trend signals
Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQQ.

March Dollar Index

The March Dollar broke down and accelerated with gap action to a second downside PriceCount objective. The count was consistent with a test of the contract low. The chart is now trying to react with a corrective trade. IF you can resume the break with new sustained lows, the third count would project a slide to the 94.15 area.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for January 29th, 2026

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day!

Click here for quick and easy instructions.

Economic Reports

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The Week Ahead: FOMC, Metals at All-Time Highs, March Corn Wheat Spread, Gold Swing Trading System, Levels, Reports; Your 6 Important Can’t-Miss Need-To-Knows for Trading Futures the Week of January 26th, 2026

Posted on January 23, 2026 by Cannon Operations

Cannon Futures Weekly Letter

In Today’s Issue #1275

The Week Ahead – FOMC, MAG Earnings, Metals All Time Highs!
Futures 101 – XRP, Solana, 1 ounce Gold & More are Now Available on CannonX
Cannon Edge – Your Futures Trading Map for the Week Ahead!
Hot Market of the Week – March Corn Wheat Spread
Broker’s Trading System of the Week – Gold Swing Trading System
Trading Levels for Next Week
Trading Reports for Next Week

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Feb(#GC)	4868.80	4926.60	4959.00	5016.80	5049.20
Silver (SI) — Mar. (#SI)	93.95	98.46	100.73	105.23	107.50
Crude Oil (CL) — Feb (#CL)	58.93	60.09	60.67	61.83	62.41
Mar. Bonds (ZB) — Mar (#ZB)	114 22/32	115 2/32	115 11/32	115 23/32	116

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

fomc

It certainly looks like we’ll be seeing quite a bit of action in the markets next week. We have quite a few economic data points in addition to The Fed rate decision and if I am not mistaken, we have 4 of the Mag 7 stocks reporting out of 4769 earnings reports, the heaviest week of earnings in the cycle.

We’ll see you next week! Please enjoy a safe and memorable weekend.

Earnings Next Week:

· Mon. regional banks, Nucor

· Tue. LVMH, UnitedHealthcare, Boeing, Texas Instruments, UPS, Northrup Grumman, GM, Seagate

· Wed. MSFT, META, TESLA, IBM, AT&T, SBUX, ADP

· Thu. Apple, Visa, Mastercard, Caterpillar, Blackstone, Southern Copper Corp, Comcast, Lockheed

· Fri. Exxon Mobil, Chevron, AMEX, Verizon, Charter Communications

FED SPEECHES: (all times CST)

· Mon. Fed

· Tues. Blackout

· Wed. FED Rate decision and Presser

· Thu. None

· Fri. Bowman after market close

Econ Data: (all times CST)

· Mon. Chicago Fed Nat Activity Index, Durable Goods, Dallas Fed Manufacturing Index

· Tue. ADP Weekly, Redbook YoY, S&P Case Schiller, CB Consumer Confidence, Dallas Fed Svcs.,

· Wed. EIA Crude stocks, FED Rate Decision, Presser follows

· Thu. Balance of Trade, Jobless claims, Factory orders, Nat Gas Stocks,

· Fri. Core PPI, Chgo PMI

Review below some Crypto contracts and new gold contracts!

Name	Exchange	Class	Exchange Symbol	CannonX Symbol	Liquidity
1-oz. Gold	CME	1 Troy Ounce	1OZ	M1OZ	Very liquid: 10’s of thousands of contracts per day
10-oz. Gold	CME	10 Troy Ounces	MGC	MGC	Extremely liquid: 100’s of thousands of contracts per day
XRP	CME	50,000 XRP	XRP	GXRP	Illiquid: less than 1000 contracts per day
Micro XRP	CME	2,500 XRP	MXP	GMXP	Moderately liquid: 1,000-5,000 contracts per day
XRP	CoinBase	10,000 XRP	XRP	XRL	Looks extremely liquid: CoinBase XRP Price Page
Solana	CME	500 SOL	SOL	SLC	Moderately liquid: 1,000-5,000 contracts per day: CME Solana Vol. & Open Int.
Micro Solana	CME	25 SOL	MSL		Moderately liquid: 1,000-5,000 contracts per day: CME Micro Solana Vol. & Open Int.

Introducing Cannon Edge — Your Daily Futures Snapshot

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

Current price and daily % change
30‑day and 52‑week highs/lows
PROPRIETARY Short‑term and long‑term trend signals
Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQQ.

Hot Market of the Week

Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.

Free Trial Available

March Wheat – Corn Spread

The March Wheat – Corn Spread corrected after completing the second upside PriceCount objective. Now, the chart is attempting to resume its rally where new sustained highs would project a potential run to the third count in the 1.07 area.

LEARN MORE ABOUT SPREADS!!

t is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Learn more at www.qtchartoftheday.com

Brokers Trading System of the Week

Edvardus – Breakout Gold Trading System

Market Sector: Metals

Markets Traded: GC – Gold Futures

System Type: Day Trading

Risk per Trade: varies

System Description: Edvardus Breakout GOLD is a breakout swing trading strategy. It has passed robustness testing such as walk-forward analysis.

Broker’s Suggested Capital: $33,000

Developer Fee per contract: $250.00 Monthly Subscription

Get Started

Learn More

January 2026 summary below – full results since inception HERE:

Disclaimer The risk of trading can be substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not necessarily indicative of future results.

System Trades Disclosure:

System Description

“System Description” is based upon information obtained from specific system marketing documents, system developers and/or system vendors themselves. While the information is believed to be reliable, we cannot guarantee its completeness or accuracy.

Actual Monthly Performance

The table and charts represent the monthly/quarterly/annual summation of actual trades based on system-specified contract(s) executed through Striker Securities, Inc. using the referenced trading system or system vendor for the stated time period. Commissions and monthly vendor fees are deducted from the tabulation. Results are based on 1 contract.

If a client trades 2 contracts his gain or loss is twice as displayed (and so on). This table is presented for information purposes only and is not a solicitation for the referenced system or vendor.

The purpose of this information is for clients to compare their brokerage statements to what is displayed on Striker’s site. Striker as a matter of policy has no ownership with the referenced system or vendor or any other trading system or vendor.

Past trade history may not be indicative of future results. The results indicated here may or may not be typical of the performance of this system and, ALTHOUGH WE BELIEVE THIS INFORMATION TO BE ACCURATE, CANNON TRADING COMPANY MAKES NO ENDORSEMENT OF THIS OR ANY SYSTEM NOR WARRANTS ITS PERFORMANCE. This is not the only trading system that Striker executes for its clients. Potential traders should carefully investigate, evaluate and compare trading systems before investing capital. Some or all trading systems may involve an inappropriate level of risk for potential traders.

It is the nature of commodity trading that where there is the opportunity for profit, there is also the risk of loss. In opening an account through CANNON TRADING COMPANY, Customer acknowledges and agrees that he/she will rely solely upon the information that CANNON TRADING COMPANYprovides to you. Thus, all prior third-party materials provided are superseded by the information and disclosures provided by CANNON TRADING COMPANY.

Important Information About this Trading System Analysis

Statistics, tables, charts and other information on trading system monthly performance are based on actual trading unless otherwise specified. Actual dollar and percentage gains/losses experienced by investors would depend on many factors not accounted for in these statistics, including, but not limited to, starting account balances, market behavior, developer fees, incidence of split fills and other variations in order execution, and the duration and extent of individual investor participation in the specified system.

While the information and statistics given are believed to be complete and accurate we cannot guarantee their completeness or accuracy as they results are key punched and subject to human error. Performance information is not the performance of a single account, but a compilation of several accounts over time, and is based on the physical trading ticket.

THIS INFORMATION IS PROVIDED FOR EDUCATIONAL/ INFORMATIONAL PURPOSES ONLY AND USED BY CURRENT CLIENTS TO AUDIT THEIR STATEMENTS TO STRIKER SITE. These results are not indicative of, and have no bearing on, any individual results that may be attained by the trading system in the future.

This trading system, like any other, may involve an inappropriate level of risk for prospective investors. THE RISK OF LOSS IN TRADING COMMODITY FUTURES AND OPTIONS CAN BE SUBSTANTIAL AND MAY NOT BE SUITABLE FOR ALL INVESTORS. Prior to purchasing or leasing a trading system from this or any other system vendor or investing in a trading system with a registered commodity trading representative, investors need to carefully consider whether such trading is suitable for them in light of their own specific financial condition.

In some cases, futures accounts are subject to substantial charges for commission, management, incentive or advisory fees.

It may be necessary for accounts subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets. In addition, one should carefully study the accompanying prospectus, account forms, disclosure documents and/or risk disclosure statements required by the CFTC or NFA, which are provided directly by the system vendor and/or CTA’s.

The information contained in this report is provided with the objective of “standardizing” trading systems measurements, and it is intended for educational /informational purposes only. All information is offered with the understanding that an investor considering purchasing or leasing a system must carry out his/her own research and due diligence in deciding whether to purchase or lease any trading system noted within or without this report.

This report does not constitute a solicitation to purchase or invest in any trading system which may be mentioned herein. CANNON TRADING COMPANY AND STRIKER SECURITES, INC. MAKES NO ENDORSEMENT OF THIS OR ANY OTHER TRADING SYSTEM NOR WARRANTS ITS PERFORMANCE. THIS IS NOT A SOLICITATION TO PURCHASE OR SUBSCRIBE TO ANY TRADING SYSTEM.

Futures Trading Disclaimer:

Transactions in securities futures, commodity and index futures and options on futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract, meaning that transactions are heavily “leveraged”. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you.

You may sustain a total loss of initial margin funds and any additional funds deposited with the clearing firm to maintain your position.

If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit.

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Daily Levels for Jan. 26th, 2026

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Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:

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Gold & Silver hit All Time Highs! PLUS: Weekly Natural Gas, Cannon Edge, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on January 23rd, 2026

Posted on January 22, 2026 by Cannon Operations

Gold & Silver at All Time Highs – Again!

By Mark O’Brien, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Feb(#GC)	4716.60	4820.00	4876.10	4979.50	5035.60
Silver (SI) — Mar. (#SI)	88.50	92.38	94.56	98.43	100.61
Crude Oil (CL) — Feb (#CL)	57.87	58.64	59.73	60.50	61.59
Mar. Bonds (ZB) — Mar (#ZB)	114 13/32	114 26/32	115 2/32	115 15/32	115 23/32

Gold & Silver hit All Time Highs – Again!

Albeit only three weeks into 2026, it’s the commodity futures story of the year – and this blog’s broken record update: gold, silver and platinum are all trading at all-time highs today. As of this typing, Feb. gold is trading up over $90 per ounce (a $9,000 per contract move) and trading over $4,900 per ounce. March silver is trading up nearly $3.75 per ounce (a $18,750 per contract move) and trading near $96 per ounce.

April platinum is trading up over $125 per ounce (a $6,250 per contract move) and is trading over $2,600 per ounce.

Matthew Weller of Investing.com painted this picture: “Between wartime-level fiscal deficits across the developed world, persistently above-target inflation, the independence of the Federal Reserve under fire, and the global geopolitical drama (Venezuela, Greenland, China, etc.), the fundamental case for precious metals has arguably never been stronger.”

Gold & Silver

Traders are no doubt eyeing $5,000 gold and $100 silver, but it’s always crucial to heed the current extreme volatility in these markets, which is unlikely to decrease any time soon. Consider your risk appetite and your trading account’s risk parameters before trading in all markets, but precious metals in particular in the present climate.

To recap, the CME Group raised margins on a number of precious metals futures contracts. Below are the new margins for the main precious metals futures contracts.

contact your Cannon Trading Co. broker for specifics.

Introducing Cannon Edge — Your Daily Futures Snapshot

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

Current price and daily % change
30‑day and 52‑week highs/lows
PROPRIETARY Short‑term and long‑term trend signals
Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQQ.

Weekly Natural Gas

The weekly chart of natural gas has resumed its rally into a new high. If it can sustain further strength, the third upside PriceCount objective projects a possible run to the 7.26 area.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for January 23rd, 2026

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Micro Silver February 9th! PLUS: March Canola, Levels, Reports; Your 4 Important Can’t Miss Need-To-Knows for Trading Futures on January 21st, 2026

Posted on January 20, 2026 by Cannon Operations

Micro Silver – Coming Soon!

By John Thorpe, Senior Broker

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Feb(#GC)	4570.30	4667.70	4719.60	4817.00	4868.90
Silver (SI) — Mar. (#SI)	88.28	91.33	93.56	96.61	98.84
Crude Oil (CL) — Feb (#CL)	57.54	58.52	59.52	60.50	61.50
Mar. Bonds (ZB) — Mar (#ZB)	112 24/32	113 16/32	114 19/32	115 11/32	116 14/32

Micro Silver!

Coming to a trading platform near you February 9^th!

silver

With the extreme volatility in the precious metals market in the recent past, we have seen daily swings of $35000.00 or more from daily highs to low in a number of contracts, Gold and Silver have been the biggest offenders. Today alone the March 2026 silver contract had a $26400.00 range from high to lo, if you take yesterdays activity into account, the total dollar swing from Monday’s lo to today’s hi is $46,050.00.

As a result of this high market volatility, the overnight and day trading margins are playing catch up with the volatility, the current Overnight Margin requirement in the 5000 oz. Silver contract is $43605.00 , so expensive in fact, the Volume for the 5000 oz contract is less than half of the Micro silver contract 1000oz, Vol. The March Silver volume is 157,460 contracts while the SIL (micro silver) 1000 oz contract had a Vol of 402,258 as of this writing. With Margin is as a byproduct of volatility and the highest margined Micro futures contract now on the CME at $8822.00, even that may be getting too expensive for the retail trader.

Have no fear, a brand spanking new 100 oz silver contract from the CME will be debuting on February 9th.

This contract will be financially settled, (cash settlement), the minimum fluctuation will be a dollar a penny $1.00 per 00.01 tick. The symbol will be SIC. The margin has yet to be determined, my best guess. $500 or lower. (There is a mini silver that is a 2500 oz contract) but has very little volume therefore, lacking liquidity. Feel free to contact your Broker for more info about this opportunity & risk.

Contact your Cannon Trading Co. Broker for specifics.

Introducing Cannon Edge — Your Daily Futures Snapshot

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

Current price and daily % change
30‑day and 52‑week highs/lows
PROPRIETARY Short‑term and long‑term trend signals
Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQQ.

March Canola

March Canola satisfied its second upside PriceCount objective and is consolidating just below the recovery high. At this point, IF the chart can resume its rally with new sustained highs, the third count would project a possible run to the 680 area.

FREE TRIAL AVAILABLE

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Daily Levels for January 21st, 2026

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Economic Reports

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MLK Day Fast Approaching PLUS: Cannon Edge, March Corn, Levels, Reports; your 5 Important Can’t Miss Need-To-Knows for Trading Futures on January 16th, 2026

Posted on January 15, 2026 by Cannon Operations

Last Trading Day of the week, MLK Schedule

By Ilan Levy-Mayer, VP

At-a-Glance Levels

Instrument	S2	S1	Pivot	R1	R2
Gold (GC) — Feb(#GC)	4558.80	4586.80	4612.00	4640.00	4665.20
Silver (SI) — Mar. (#SI)	83.16	87.77	90.74	95.35	98.31
Crude Oil (CL) — Feb (#CL)	57.33	58.14	59.58	60.39	61.83
Mar. Bonds (ZB) — Mar (#ZB)	115 25/32	115 30/32	116 9/32	116 14/32	116 25/32

Monday we will observe MLK Holiday here in the US!

mlk

Most markets are open but with modified schedule, please visit full details here.

Housing numbers and Fed speakers to dominate tomorrow’s schedule along with any possible geopolitical developments.
Heads up precious metals futures traders. Did you know CME Group offers a 1-oz. gold futures contract? That’s right: a gold futures contract that’s one hundredth the size of the main 100-contract. This is a cash-settled contract. You can’t take physical delivery of the one ounce of gold from which the contract is derived, but it offers a lower-margin product to trade gold.

Each $1 move in the contract is equal to a $1 move. It moves in $0.25 increments.

CME Group’s full contract specifications

The current initial margin requirement is $253.

Contact your Cannon Trading Co. broker for FCM availability and platform symbol.

Introducing Cannon Edge — Your Daily Futures Snapshot

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

Current price and daily % change
30‑day and 52‑week highs/lows
PROPRIETARY Short‑term and long‑term trend signals
Coverage across equity indices, metals, energies, currencies, and AGs

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQQ.

March Corn

March Corn activated fresh downside PriceCount objectives on the sharp break and satisfied the first objective in the process. The chart is correcting but if we can resume the slide with new sustained lows, the second count would project a run to the $4.14 area which is consistent with a test of the August contract low.

FREE TRIAL AVAILABLE

Learn more at www.qtchartoftheday.com

Daily Levels for January 16th, 2026

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.

Economic Reports

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Silver COT

By John Thorpe, Senior Broker

At-a-Glance Levels

Gold (GC)

Silver (SI)

Crude Oil (CL)

Mar. Bonds (ZB)

Much, like yesterday’s exploration of the recent silver volatility by Eli Levy on this forum.

Silver Volatility

In the Commitment of Traders report:

Key numbers: standard silver (5,000 oz)

All figures are futures‑only, contracts of 5,000 oz.​

Data from the CFTC legacy COMEX silver futures‑only reports for positions as of 27 Jan and 3 Feb 2026.​

Major positioning shifts

Micro silver (1,000 oz)

Note on Spreads:

Introducing Cannon Edge — Your Daily Futures Snapshot

Current price and daily % change

30‑day and 52‑week highs/lows

PROPRIETARY Short‑term and long‑term trend signals

Coverage across equity indices, metals, energies, currencies, and ags

Built for speed. Backed by insight. Powered by CQQ.

May Cotton

Daily Levels for February 25th, 2026

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Economic Reports

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At-a-Glance Levels

Gold (GC)

Silver (SI)

Crude Oil (CL)

Mar. Bonds (ZB)

Weekly Market Update

By Eli Gal Levy, Series 3 Broker

Silver Futures: Markets Edge Higher in Choppy Week as Investors Digest Heavy News Flow

The Silver “Endgame”: Why the Next 96 Hours Matter

1. The Ghost of January 30th

2. The Shanghai Divergence

3. Red Alert: Friday, February 27th

The Date: This Friday, February 27, is First Notice Day for March futures.

Silver – The Math:

Market Outlook: We may see volatility over the next four days.

The Bottom Line:

Introducing Cannon Edge — Your Daily Futures Snapshot

Current price and daily % change

30‑day and 52‑week highs/lows

PROPRIETARY Short‑term and long‑term trend signals

Coverage across equity indices, metals, energies, currencies, and ags

Built for speed. Backed by insight. Powered by CQQ.

Daily Levels for February 24th, 2026

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day!

Click here for quick and easy instructions.

Economic Reports

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CPI Report Tomorrow!

By Ilan Levy-Mayer, VP

At-a-Glance Levels

Gold (GC)

Silver (SI)

Crude Oil (CL)

Mar. Bonds (ZB)

CPI, Silver, Presidents’ Day

Large moves across the board again today! Silver down $9 ( equivalent to $45,000 per contract….)

CPI report tomorrow will stir up additional volatility

President’s Day holiday is this Monday – Modified Schedule HERE.

All figures are futures‑only, contracts of 5,000 oz.

Data from the CFTC legacy COMEX silver futures‑only reports for positions as of 27 Jan and 3 Feb 2026.