Asian Metals Market Update for 27th August 2026

August 27, 2026

I will be focusing on (for the rest of the year)

Geopolitics. Iran and Ukraine both.
Trend of energy prices.
US Core PCE inflation numbers every month.
Unemployment rate of every month and not the headline Nonfarm payroll number.
Gap between US two- year bond yields and US ten-year bond yields. (I am ignoring the US thirty- year bond yield, which traders are hyper-focused on.)
Key support (short-term and medium-term) as I am bullish on precious and non-ferrous metals for the rest of the year.

The pace of rise will be difficult to predict. I prefer to avoid using guesswork. A military transport plane landed in Russia for a few hours this week. Lots of speculation is there on social media. Most are negative for global peace. Trump will not let a crash in US stock markets till the US Senate elections are over.

Crypto, AI and Betting firms are funding the US Senate elections (an article in Reuters news).

Crypto companies, artificial intelligence firms and online betting have emerged as the biggest industries shaping the 2026 midterm races, driving a record amount of business spending on congressional contests, according to campaign finance watchdogs and interviews with more than a dozen political strategists from both parties.

Together, crypto, tech and online gaming industry donations accounted for at least $294 million of the corporate spending on midterm races from January 1, 2025 through the first quarter, Public Citizen found.

In an approach pioneered by the crypto industry in the last election cycle, these industries have structured their campaign giving through a vast network of so-called super PACs, affiliate PACs — which get their money from the super PACs — and dark money nonprofits, which do not have to disclose who their donors are. Companies and founders often donate across those networks, as well as directly to specific candidates.

Executives running those companies have directly spent millions more, such as the more than $90 million SpaceX founder Elon Musk has already put toward the 2026 federal elections — with plans to spend far more by November. Google co-founder Sergey Brin also spent over $106 million in California fighting a proposed wealth tax among other state issues, federal and state filings show. Brin and Musk did not return requests for comment.

(READ THE FULL REPORT IN THIS LINK: https://www.reuters.com/legal/legalindustry/new-kingmakers-crypto-ai-betting-firms-fuel-record-spending-2026-midterms-2026-08-20/ )

My view on the above: Global trading and global investing will get a new makeover after the US Senate elections. Cryptocurrencies will eventually replace the US dollar for global trade. Instant betting will be the way for short-term trades. I will not be surprised if BTC/USD rises over $3,00,000 before the end of Trump's second term. The net result will be that the masses will be controlled by a few American companies, irrespective of which of the two political parties controls the US Senate. Cryptocurrencies are a computer code started and controlled by a large global corporation. It is similar to Roblox money used by gamers.

UK is closed on Monday. There will be some very sharp two- way price moves. In the next eight days. Jackson Hole tomorrow and the weekend will be relevant only if inflation targeting gets serious by the Federal Reserve chief.

Spot Silver – Current Market Price $68.84

100 day simple MA: $66.80
200 day simple MA: $74.29
Key intraday resistance: $66.80-$67.20 zone.
Key intraday support: 70.73 and $72.70
VIEW: TILL 4^TH SEPTEMBER Spot silver has to trade over $66.80-$67.20 today, tomorrow, and next week to rise to $72.70, $77.41, and more.
A crash or sell-off will be there if (i) Spot silver does not break $7271 by the 4^th September close, (ii) Spot silver trades below $67.20 for two consecutive trading sessions.
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 19^th September.
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 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 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 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 futures. I do not trade in CME futures or OTC spot gold and spot silver.

NOTES TO THE ABOVE REPORT