FREE Guide - 5 Chart Patterns You Need to Know!

What is the difference between a base metal and a precious metal?

Precious metals include gold, silver, platinum and palladium (primarily traded on the CME Group's exchanges) - whereas base metals are things like copper, aluminum, zinc, nickel, etc. (primarily traded on the London Metal Exchange - LME). Base metals by definition are metals that rust or corrode more easily than precious metals.

As the name suggests, precious metals are more expensive than base metals.  Base metals are used mostly in industrial production.  Other examples of base metals are cobalt, titanium, tin, aluminum, etc.

Get This FREE Technical Analysis Guide!
Timing is everything, and with this guide, you'll learn how technical analysis can help find the right time to enter and exit your futures trades. Nearly 30 explanations and examples of the most popular technical analysis tools are all in this one handy guide. It's like having a futures trading mentor at your side!