Commodities continued their slide Wednesday with silver falling to 2009 levels to join copper and aluminum in trading at six-year lows.
But not all commodities, specifically those in the energy space, were in for the same level of pain, according to Goldman Sachs' head of commodities research Jeffrey Currie.
"There's a big correlation between whats happening in China and the commodity story more broadly," he said on CNBC's "Squawk on the Street." "Across the entire commodity complex the area that is showing the weakest demand is what we call capex commodities. ... You actually don't see the weakness in demand in energy."
Read MoreCommodities are dying a slow death