Asian Metals Market Update for 14th April 2026

April 14, 2026

The trend is bullish for gold and silver. Aluminum surprised recently with a very big rise. Copper, nickel, and zinc followed aluminum. Silver generally follows the industrial metals.

There will be a new wave of rise in silver, copper, and all non-ferrous metals if the price rises or remains firm. I do not see any reason to short sell precious metals and non-ferrous metals, but for technical reasons.

Let’s forget Iran and the Strait of Hormuz. Focus on supply-side news. Every nation is trying and planning to reduce reliance on supplies from the Persian Gulf and Strait of Hormuz, and even the USA to a certain extent.

Pre-Iran war supply normalization (of energy, chemicals like sulphuric acid, ammonia, and phosphate fertilizer, etc.) will take a few years to normalize. Demand will not fall even if there is a severe global recession.

Global corporations and global manufacturers will increase inventories in a very big way for the next two years. Just-In-Time (JIT) way of inventory levels is history for the next two years for anything used and consumed by factories and even countries.

Understanding the political implications of the Iran War will be the key. Asia and every country in Asia will take steps to reduce reliance on the USA for growth and trade. China and the UAE will be the biggest beneficiaries of the Iran War, apart from the USA.

Trump's threats of all kinds will work less on Asia after the Iran war. The USA needs Asia. A united Asia does not need the USA. I see a more cohesive Asia after the Iran war. ( Despite all the differences on the land border and the sea border.)

I expect an interest rate cut of 0.25% by the Federal Reserve either on 29^th April meeting or on 17^th June meeting. Current Federal Reserve Chairman Powell terms in the middle of May next month. His incumbent is a Trump puppet who will push Federal Reserve interest rates to near zero in the next three years. I will not be surprised if spot gold price rises to $20,000 in the next three years if there are any indications of an aggressive interest rate cut stance by the Federal Reserve. (For gold and precious metals to crash and/or be bearish, a global interest rate should see a medium -term rising graph. Highly unlikely as of now in the USA, UK, and the Eurozone.)

Spot Silver – Current Market Price $75.90

100 day simple MA: $81.02
50 day simple MA: $78.65
TODAY VIEW: Spot silver will rise very quickly if it trades over $76.20 (till Friday) to $78.30, $80.92 and more.
A mild sell-off will be there if spot silver trades below $74.90.
A daily close over $76.20 for seven consecutive trading is needed for spot silver to target $100.00+ in the short term.
There will be very sharp two way prices. Intraday traders need to use strict higher trailing stop loss.
Views are intraday unless otherwise specified.
Low risk traders and low risk takers trading in silver (spot, future and ETF) should preferably be an intraday trader till end June. I expect a big gap open in Asia (Singapore open) every day till end June 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 asses your own risk profile if you intend to do derivative trade in silver or trade in silver future in any commodity exchange of the world.

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