Asian Metals Market Update for 3rd March 2026

March 03, 2026

Wish all a very happy and colorful festival of “Holi”. The season will change, but the trend in precious metals may not change.

The longevity of the Iran War will negatively impact the global economy and the global interest rate cycle (except the USA and China). A war that ends in two weeks to four weeks will not have any significant impact on the global economy. Asian countries (except China) will be impacted due to a much higher energy bill.

Gold and silver will continue to rise even if a new puppet government is installed in Iran asap. A Unilateral regime change has been forced in Iran and Venezuela. Every country and every key political figure will now prepare for exigencies related to a forced regime change by the USA, UK, and Eurozone. Gold and other precious metals will be the best hedge. The central bank will increase the pace of buying physical gold, physical silver, and even selected non-ferrous metals.

USA and Trump will control global crude oil supplies and global natural gas supplies. I believe that “Stablecoins” will be used in energy sales by the Trump administration and less of the US dollar. Nations will significantly increase the strategic energy reserves. Crude oil demand will zoom even if there is a sustained global slowdown in the coming months.

News reports and views on social media can be misleading and inaccurate. The real impact on the global economy will be known only after a few weeks.

Do not overanalyze and make trading/investing complicated.
Avoid getting into the rut of regular intraday trading losses.
Compulsive trading and Impulsive trading should be stopped immediately.

The Federal Reserve meeting on 18^th March (19^th March for Asia) and US economic data releases will have a zero impact on the trend of precious metals and non-ferrous metals.

Intraday traders trade very carefully till 20th March. Intraday volatility will be extremely high till 20^th March.

Spot Silver – Current Market Price $89.02

50-day simple moving average: $87.10
TODAY VIEW: Spot silver has to trade over $89.44 to be in an intraday bullish zone and rise to $95.98, $101.89 and more.
Mild sell off will be there if spot silver trades below $89.44 to $87.10, $83.12, and more.
Watch $89.44. Spot silver can move $10-$12 either side from $89.44 before Friday's close.
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