Asian Metals Market Update for 14th February

February 14, 2025

Firm trends will continue in gold, silver, and copper. Trump’s reciprocal trade tariff plan will involve negotiations with all nations. News on the outcome of trade negotiations will have a greater impact on the trend of precious metals, copper, and industrial metals. I am more concerned about the US-China reciprocal trade tariff and the US-European Union reciprocal trade tariff as they are a key trading partner of the USA. India will more or less adjust to Trump's needs this year by giving American companies easy access in almost all sectors.

Silver CME March future – spot silver is around $0.78 which is very high considering the fact that CME Silver March future will expire in fourteen days’ time. This implies that a hyper-bullish trend in silver will target between $35.00 and $37.00 in spot silver by 28th February. A narrow gap (between CME silver and March-spot silver) is needed to correct the silver price.

Physical delivery in CME silver March future expiry will also impact silver price. Last month we had gold moving from London to CME. If physical silver delivery goes the gold way (in the next three weeks), then $50.00 in spot silver will come in much sooner than the best forecast.

USA is closed on Monday. Traders will start taking positions on Tuesday. There is also no major US economic data release next week. It will be all about momentum for now. Fears of new surprises by Donald Trump may result in traders either booking profit on their traders or going long in gold and silver (on sharp dips) for Tuesday and next week.

CME SILVER APRIL 2025 – Current price $3318.00

Silver March (2025) has to trade over $3282.00 to rise to $3404.00, $35625.00 and more.
A mild sell-off will be there if Silver March trades below $3282.00 with $3242.00 as key intraday support.
Views are intraday.

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