Asian Metals Market Update for 8th June 2026

June 08, 2026

A falling trend (if any) today and this week will see a fight between short-term bears and medium-term investors. Buy stop losses will be triggered and/or there will be a new wave of sell-off in gold and silver if there is a falling trend for two consecutive trading days in the USA session.

The Chinese Central Bank is aggressively buying physical gold and selling US bonds. Central banks are buying to protect their country against Unilateral coercive measures by the USA and NATO. Severe currency depreciation in Asia and the underlying weaker outlook itself are reasons to channel savings into gold for the long term.

The western media toolkit to destabilize Asian countries is to target youth on Instagram and social media. It is now the turn of India after Nepal and Bangladesh with regard to youth protests and youth forcing the elected representative to resign. Lawlessness, fear, living, and anarchy happen in countries where youth protests start, as can be seen in Bangladesh and Nepal. The Internet is also shut down intermittently. Digital investment has zero value to us, wherever the youth protest turns to lawlessness. Most of us have more digital investment and digital money than real investment, like physical gold and physical silver. This is one of the reasons I prefer to have two months' survival expenses in cash with me. I prefer twelve months' survival expense in the form of physical gold.

Gold prices are expected to average a record $4,920/oz in 2026 as the bull run resumes, according to Metals Focus. Current prices of gold/silver are great for the long term. However, intraday traders short term investors need to remain on the sidelines till 23^rd June.

Interest rates will be hiked by almost every central bank (including the Federal Reserve) this year. Inflation management will be the focus this year. A temporary one-off interest rate rise could be on the cards for key central banks. Interest rate hike (if any) by the Federal Reserve will impact precious metal price only for a few weeks at most. It will not alter the medium term bullish outlook and long-term bullish outlook.

Position squaring and rebuilding will start for the Federal Reserve meeting next week. There is no major US economic data release this week. I will prefer to trade in the technicals this week and ignore most news.

Spot Silver – Current Market Price $67.55

100 day simple MA: $76.80
50 DAY SIMPLE MA: $77.86
200 DAY SIMPLE MA: $72.62.
50 WEEK SIMPLE MA: $62.51.
TODAY VIEW: Spot silver has to trade over $66.94 to be in an intraday bullish zone and rise to $69.40, $76.80 and more.
Crash or sell off will be there if and only if spot silver trades below $66.94 in the USA session to $65.83, $64.10, $63.20 and more.
Views are intraday unless otherwise specified.
Low-risk traders and low-risk takers trading in silver (spot, futures, and ETFs) should preferably be intraday traders till the end of June. I expect a big gap to open in Asia (Singapore open) every day till the end of June in spot silver.
A systematic investment plan (SIP) or a 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 a derivative trade in silver or trade in silver futures in any commodity exchange in 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