Asian Metals Market Update for 10th August 2026

August 10, 2026

Long-term bottoms have been formed in gold and silver. Spot gold is headed for $10,000 in the next two years (maximum) as long as it trades over $3840. Spot silver can rise to $200.00 plus in the next two years as long as it trades over $52.00. Why? Interest rates will be cut in the upcoming Federal Reserve meetings and near zero before Trump vacates his office in January 2029. (All US economic data releases will be manipulated to justify the cause to cut interest rates over the coming months.)

I have never given a bearish view in the “Asian metals market update” column even after the January crash. I will continue to give bullish views (in gold and silver) for the next one year.

I will be horribly wrong and/or gold/silver prices will once again move into a bearish phase and fall below July (2026) lowest price IF AND IF US stocks are plunging for fifteen consecutive trading sessions. (This is highly unlikely till the US Senate elections are over.)

No one is thinking of recession or depression in the next two years. I will be surprised if the world does not experience a recession or depression in the next two years. Geopolitics is reshaping the global map. Trump or the cabal that rules the world is reshaping the world (including thought process). Copper and non-ferrous metals rise (this year), and a hyper bullish outlook is indicative of a big bubble (after eighteen months) which can take down precious metals as well. Extreme debt-fueled business expansion with a very long gestation period needs to be seriously reconsidered for alternatives.

Trump is back at his usual trade tariff war. India and China are getting one hundred percent tariffs. Cuba is next in line to be captured. Trump is the East India Company. We all know that the East India Company ruled most of the world. Japan and Venezuela have been captured. Nepal and Bangladesh are puppet governments of Trump. They are trying with India by creating mass chaos and brainwashing on social media. Pakistan has already been sold to Trump. UK is more a jihadi John country away from Christianity.

In this connected world, everyone knows Team Trump’s colonial expansion mindset. Per capita gold demand will rise in almost every country of the world. Europe and the USA, where masses avoided gold as an investment, are increasing investment in physical gold every month. Forget central banks.

I am not talking about yen intervention. Too much is written and analyzed on social media. There are buyers on dips, and there will be buyers on dips for the next two weeks. Last week of August to end of November is India’s festival gold/silver demand time. Silver sales (in all forms) will multiply times over gold in India in the upcoming festive season.

Spot Silver – Current Market Price: $63.85

100 day simple MA: $60.63
Key intraday resistance: $65.40 and $68.29
Key intraday support: 62.90 and $61.80
INTRADAY VIEW: Spot silver will rise very quickly if it trades over $63.92 to $65.41, $67.78 and more.
Overall spot silver has to trade over $61.99 on daily closing basis to be in a bullish zone till Thursday close.
Views are intraday unless otherwise specified.
Low-risk traders and low-risk takers trading in silver (spot, future and ETF) should preferably be intraday traders till the end of August. I expect a big gap open in Asia (Singapore open) every day till the end of August in spot silver.
A systematic investment plan (SIP) or monthly SIP (physical or ETF, your choice) is the best way to invest in silver for the low-risk takers.
Derivative trading in silver is not for the low-risk takers.
Please assess your own risk profile if you intend to do derivative trading in silver or trade in silver futures in any commodity exchange of the world.

DISCLAIMER: The investment ideas provided are purely independent viewpoints and are solely for collective learning and for academic interests. There is no commercial benefit accruing or deemed to accrue to me out of providing such investment ideas.

The investment ideas shared here cannot be construed as investment advice or so. If any reader is acting on this advice, they are requested to apply their prudence and consult their financial advisor before acting on any of the recommendations made here. I am not responsible to anybody in the event of profits and losses (if any) upon acting on such advice.

I hope that our reader is well aware of the risk involved in commodity derivative trading.

Disclosure: I trade in India's MCX commodity exchange. I have open positions in India's MCX commodity futures. I do not trade in CME futures or OTC spot gold and spot silver.

NOTES TO THE ABOVE REPORT