Olive (Olea europaea L.) represents one of the most important and ancient crops in the Mediterranean countries, being widely known due to the optimal organoleptic characteristics of its oil, besides the important health benefits assigned to this product in the last few years. Since olive oil composition, respecting specific trace elements, has a direct impact on the quality and safety of this product, eleven monovarietal and twelve commercial olive oils were analysed spectrometrically concerning their metal composition. Regarding quality parameters, the monovarietal olive oils display larger quantities of Mg, Fe, Mn, while the commercial samples are characterized by greater amounts of Na, Ca, Cu and Zn. In which respects to safety parameters, the commercial samples present higher values for Al and Pb, and lower quantities of Cd, respecting the monovarietal ones. The assessment of the values observed for the trace elements, resorting to multivariate statistical methods, allowed to clearly distinguish the type of olive oil production-monovarietal or commercial blend. For this purpose, besides Cluster analysis, the data have been subjected to Principal Component Analysis-undertaken for either all the evaluated parameters simultaneously, or the quality/safety parameters separately, both data sets allowing the discrimination of the samples.