Oil Is 50% More Volatile on a Weekly Basis Than Silver Is

"Oil is 50% more volatile on a weekly basis than silver is," he says. "It's the most important commodity in the world and it should be as uninteresting to trade as literal, like cotton balls or paper clips for Christ's sake." The volatility of price here is 'like oil is now a meme stock,' writes Conner O'Mara. And by destroying the contract, there's you're helping the Shanghai contract,. By helping the Shanghaicontract, you are weakening the dollar. But none of them actually have any real power because they don't control Congress.