Asian Metals Market Update for 9th March 2026

March 09, 2026

Irrespective of the outcome of the Iran War, my view is as follows:

Gold and silver will see a huge investment demand. The October to March gold/silver investment demand was just the tip of the iceberg.
Federal Reserve will cut interest rates in a very rapid pace.
Near-zero interest rates is possible in Euroone, UK and Swiss.
Asian central banks will pause interest rates and even hike interest rates to get over rising inflation.
Strategic reserves of every country will see a big rise, be it precious metals, non-ferrous metals, energy and energy storage capacity and even food stuff.
Price fall (if any) of commodities viz, hard, soft, ferrous, non-ferrous etc will not fall by much and/or will see a very few limited days of falling price trend. (nations buying every thing to fill up strategic reserves.).
Defence expenditure on anti-drone systems will see a very big rise in every country.
Nations will take steps to reduce dependence on middle east nation’s for their needs. USA and USA corporations will be the biggest beneficiaries of the current Iran War.
Nymex/WTI crude oil price below $60.00 will be very hard to come.

Ukraine war reduced the supply of potash-based fertilizer in Asia. The Iran war, if stretched, will reduce the nitrogen-based fertilizer supply in Asia. Sulphuric Acid supplies will get crippled if the Iran war continues into April. Sulphuric acid is used in copper processing and the processing of other metals.

Supply-side inflation may increase in Asia. Too early to comment, but there is growing fear of an Asian economic slowdown. Gold and silver are the best hedge for people of Asia under the current circumstances.

USA under Trump has been preparing for Iran war for the past one year. How? The USA has been gobbling all the world's precious metals, non-ferrous metals, energies and even food crops. The Iran War will have a zero-impact w.r.t supply side issue. Trump has prepared the USA comfortably to meet supply issues related to prolonged, sustained disruption from the Strait of Hormuz and the Middle East. Factories in the USA will have a zero-supply disruption even if the war with Iran continues for twelve months.

MASSES IN ASIA WILL SUFFER? HOW?

The cost of living will be a big rise.
Hiring Freeze will be there in most sectors.
There will be layoffs as well due to the economic slowdown.
Stock markets will plunge and reduce the wealth of the masses.
Mass unrest can increase.
Debt burden will increase.
Debt default can increase.

For example the cost of plastic bottle or PET bottle and aluminum cans has increased substantially this year. So far this cost was more or less absorbed by most enterprises. They are used in everything. These are part of “Core Cost or Raw Material Cost”. From pen to paper to bottled drinking water to beer cans all the price will increase. My and You, the cost of living will increase. Discretionary spending will reduce which will impact service sector profitability in a big way.

To conclude, we need to trade and invest in a war where there is zero chance of loss. Less profit is better than a loss should be the motto. Sitting on cash, for two weeks to six weeks is not a bad idea. Trump has stated his intention to take over Cuba.

USA under Trump is akin to the European invaders which brutalized people of Asia for over two hundred years. China is the only exception where Trump invasion and Trump coercion has failed and will fail. My only hope is that Iran does not convert into a Afghanistan or a Libya. Asian lives should also matter and not just American lives.

Spot Silver – Current Market Price $82.21

50 day simple moving average: $87.60
100 day simple MA: $75.24
TODAY VIEW: Spot silver has to trade over $77.62 on daily closing basis for the next seven trading sessions to be in a bullish zone and rise to $91.21, $98.94 and more.
Spot silver will also crash if it does not break $91.21 in the next seven trading sessions (excluding Saturday and Sunday.)
There will be very sharp two way price moves BUT a daily close below $77.62 for seven consecutive trading sessions is needed for a confirmed short term bearish zone.
If crude oil continues to rise, then there will be a sharp reduction in speculative long positions in spot silver. Crude oil price historical spike poses a big risk to short term bullish trend of silver.
Not an easy time for intraday silver traders.
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