Asian Metals Market Update for 12th January 2026

January 12, 2026

All the news is bullish for another big rally in gold, silver, and precious metals, and all non-ferrous metals. Geopolitics, which include regime change in Iran and a divided Europe over Greenland's takeover by the USA. Internal security issues are there in the USA as well, which will impact the US Senate elections in November. (too far, but Trump's actions are unforgettable for a large portion of the voting section.) The Trump administration is forcing the Federal Reserve to cut interest rates aggressively when economics suggest the reverse.

The law of economics will not be applicable in the USA under the Trump regime. U.S. President Donald Trump is dictating every economic policy of the USA. If someone does not listen, he threatens them with court cases. Latest is, Fed's Powell says administration has threatened him with a criminal indictment over his Senate testimony: U.S. Federal Reserve Chair Jerome Powell said on Sunday the Trump administration had threatened him with a criminal indictment and served grand jury subpoenas over Congressional testimony he gave last summer regarding a Fed building renovation project, an action Powell called a "pretext" aimed at putting further pressure on the central bank to lower interest rates.

People and nations will increase higher allocation to gold and silver, and platinum. There should be a minimum of one percent interest rate or more by the Federal Reserve this year. China and Japan both have said that they will announce new economic stimulus measures anytime soon. The world will see a big increase in global money supply. Most of the historically high global money supply will go into hard asset classes like precious metals and non-ferrous metals.

The cost of consumer durables will rise sharply this year. For example, on Saturday, I went to Delhi’s Nehru Place market to upgrade my laptop RAM. The dealer tells me that an 8GB DDR4 RAM now costs Rs.3500, which was Rs.1500 in November 2025. This is just a one-off example. Copper cost is expected to nearly double this year. Replacement cost of air-conditioners and other cooling equipment will zoom this year. Retail consumers will see a big hole in their savings and/or a big rise in debt and/or a sharp deceleration in unnecessary expenses and/or higher risk-taking to meet home needs.

Intraday traders need to be cautious. Short-term investors use a strict trailing stop loss. A falling trend in US stock markets for a minimum of seven consecutive trading sessions is needed for a big crash in precious metals and non-ferrous metals.

Spot Silver – Current Market Price $83.42

TODAY VIEW: Spot silver has to trade over $82.57 to rise to 86.09, $90.56 (by tomorrow).
A crash or sell-off will be there if spot silver trades below $82.57 for a minimum of six hours today.
Watch $83.57. Spot silver can move $6-$7 either side from Rs.83.57.
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