Asian Metals Market Update for 19th February

February 19, 2025

Comex/CME/USA is aggressively buying physical gold from every major gold warehouse all over the world. This happened after Donald Trump was elected as president of the USA. It reflects that the USA (under Trump's leadership) is moving towards a “Gold Standard World” as the US dollar is on the last leg to supremacy. Gold Reserve is being increased by almost every central bank. Gold is bullish. Silver is bullish. Small two percent intraday corrections here and there will be there frequently.

Goldman Sach has increased near-term gold price targets to $3100 and $3300 respectively. In my view, most traders are already investing in dips with a target of $3500 and more in the next two to three months. I am asking myself whether the gold price will fall to $2800 before the rise to $3500 and/or if the rise be accompanied by small pockets of $50-$70 corrections followed by a $100 to $150 price target. (rise double of price fall).

US President Donald Trump said that he intends to impose auto tariffs "in the neighborhood of 25%" and similar duties on semiconductors and pharmaceutical imports.
Trump did not provide a date for announcing those duties and said he wanted to provide some time for drug and chip makers to set up U.S. factories so that they could avoid tariffs.
Ukraine peace plans news are two fronts (1) USA-Russia-Saudi Arabia (without European Union) and (2) UK-European Union-USA.

The above news is also bullish for gold and silver as there is a lack of consensus in the EU on Ukraine's peace. There are divergent views (on peace in Ukraine) between France and Germany. The UK has stated its intent to send peacekeeping troops to Ukraine as a part of the peace deal. Trump and his trade tariff can be postponed if the affected bow.

CME SILVER MARCH 2025 – Current price $3327.00

Silver March (2025) has to trade over $3287.00 to rise to $3437.00, $3573.00 and more.
A mild sell-off will be there if silver March trades below $3287.00.
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