Update: Cocoa Index Flows Confirmed — and Why Silver Tells a Very Different Story

Cocoa has transitioned from a prolonged downtrend into a flow-driven transition phase ahead of January index rebalancing, with approximately 36,500 contracts still required to be purchased. In contrast, silver’s expected rebalance selling—roughly 6% of open interest—highlights why the impact of index flows must be evaluated relative to market depth and liquidity.Chocolate cocoa chopped on table by Simone_ph via Pixabay