Asian Metals Market Update for 11th February 2026

February 11, 2026

Overall intraday trend will be bullish for gold, silver and copper. Jobs market or employment in the USA has started cooling. Interest rate cut of 0.25% or more will be there in three federal reserve meetings to four Federal Reserve meetings this year. This interest rate cut expectation will prevent a short-term bearish trend. Only a crash or sell-off in US stock markets or a crash in Chinese stock markets will cause a short term bearish trend in precious metals and non-ferrous metals for the next seventy five days.

JANUARY 2026 SEES A BIG RISE IN GOLD ETF, SILVER ETF INFLOWS.

India’s gold ETF saw Rs.24,039.96 crore inflows in January 2026, up 106% from December.
Net inflows in India’s gold ETF equalled all equity funds in January 2026.
Silver ETF investment in India is at a record of around Rs.9463 crore in January 2026.
China Gold ETF added 40.49 tonnes in January 2026 or a 16.25% increase.

My View below on gold etf and silver etf

Lack of alternate safe havens or lack of low -risk investment avenues resulted in a big rise in investment flows into gold ETF and silver in India and China. I am sure that this has been the trend in every Asian country. Most of the ETFs globally are backed by physical.

ETFs are easy entry and easy exit for gold and silver traders and are offered on mobile platforms. They can be bought and sold 24/7 in every country. There is no hassle of physical storage. So, it is very popular. BUT BUT ETF returns generally lag the physical price due to fund management charges by ETF initiators.

The biggest risk to massive ETF outflows in India and China is a FOMO (Fear of missing out) rally in stock markets. Right now, selected sectors are rising in every stock exchange and in every country. The FOMO rally is missing. For the rest of 2026, one needs to keep a close watch on the chance of a FOMO rally in Indian stock markets and the Chinese stock markets.

I repeat this: “Any asset class which gives a safe return of over one and a half per cent per month will attract massive inflows in every form”. I have been writing on goldseek.com off and on since 2006. Gold and silver are currently rising at an annualised rate of eighteen per cent.

A one per cent or less than one per cent per month rise is needed for a big reduction in gold etf and silver etf worldwide. If not, then there will continue to attract more inflows in every major crash for the rest of 2026.

Very short-term traders and intraday traders trade very carefully till Monday's close. Valentine's Day jewellery demand, per capita-wise, should see a significant fall in every country except China.

Spot Silver – Current Market Price $82.22

TODAY VIEW: Spot silver has to trade over $81.59 to be in an intraday bullish zone and rise to $84.82, $87.40 and more.
A mild sell-off will be there if spot silver trades below $81.59 after the London open and till days close to $80.80, $79.07 and more.
Watch $82.78 key intraday resistance. Spot silver can move $3-$4 either side from $82.78.
There can be some very sharp two-way price moves today.
Views are intraday unless otherwise specified.

DISCLAIMER: The investment ideas provided is purely independent view point and are solely for collective learning and for academic interests. There is no commercial benefit accruing or have 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 these advices, 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 aware about this well aware of the risk involved in trading in commodity derivative trading.

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

NOTES TO THE ABOVE REPORT