COMEX Metals Analysis

• 22 Oct 2026Gold and silver remain under pressure while copper consolidatesGold and silver retain a bearish technical bias, with both trading below their 20-day and 50-day averages and near the lower parts of their recent ranges. Copper is also below its moving averages, but its recent five-day performance is nearly unchanged and its range is tighter. RSI readings below 50 show weak momentum in all three markets, although gold and silver are closer to oversold territory. USD economic releases on 22 and 23 October could increase short-term volatility across COMEX metals.Bearish
• 21 Oct 2026Gold and silver remain below trend averages as copper steadiesGold and silver remain below their 20-day and 50-day averages, keeping their broader technical bias under pressure despite modest five-day gains. Copper is holding above its 20-day and 50-day averages, with momentum near neutral. Gold and silver are both close to their lower 20-day ranges, while copper is trading in the upper half of its recent range. Upcoming US employment data is the most relevant scheduled event for metals over the next 48 hours.Neutral
• 20 Oct 2026Gold and silver remain below key averages as copper stabilisesGold and silver remain in broader corrective trends, with both prices below their 20-day and 50-day moving averages. Copper is more balanced, trading close to its 20-day and 50-day averages while holding above its daily pivot. Gold and silver have weaker momentum readings, while copper’s RSI is near the neutral midpoint. The scheduled US releases are low-impact but may still produce short-term volatility around their UAE times.Bearish
• 19 Oct 2026Gold and silver remain below key averages as copper stabilisesGold and silver remain below their 20-day and 50-day moving averages, although both posted gains on 19 October. Copper is holding above both averages, with its 14-day RSI, a momentum gauge, near the neutral 50 level. Gold is close to its 20-day average, while silver remains weaker after a 12.15% 20-day decline. The scheduled US releases are low-impact, but short-term volatility can increase if results differ from expectations.Bearish
• 16 Oct 2026Gold and silver remain weak as copper holds above key averagesGold and silver remain below their 20-day and 50-day averages, keeping their broader technical bias under pressure despite daily gains. Copper is holding above both averages, with its 20-day change nearly flat and momentum close to neutral. Gold is trading above its pivot, while silver and copper are also above their respective pivots. Federal Reserve remarks and several US economic releases could affect volatility during the UAE session.Bearish
• 15 Oct 2026Gold and silver rebound, but broader trends remain under pressureGold and silver posted daily gains, but both remain below their 20-day and 50-day averages, keeping their broader technical bias pressured. Gold is testing the first pivot resistance after recovering from its recent low, while silver remains close to its 20-day low with an RSI of 33.1, indicating weak momentum. Copper is more balanced, trading near its 20-day average and above its 50-day average. US inflation, retail sales and labour data at 16:30 UAE could increase volatility across COMEX metals.Neutral
• 14 Oct 2026Copper extends its advance as gold and silver remain below averagesCOMEX metals are mixed on 14 October. Gold and Silver remain below their 20-day and 50-day moving averages, with RSI readings below 50 indicating softer momentum. Copper is holding above both averages and remains near its 20-day and 60-day high at 6.83. US CPI at 16:30 UAE today and several high-impact releases at the same time on Thursday are the main volatility risks.Neutral
• 13 Oct 2026Gold and silver remain below key averages as copper extends gainsGold and silver are trading below their 20-day and 50-day averages, with RSI readings near 42 indicating soft but not deeply oversold momentum. Copper remains above both moving averages and has gained 5.43% over 20 days, giving it the strongest technical structure among the three metals. The main scheduled risk in the next 48 hours is the US CPI release at 16:30 UAE on Wednesday, alongside several Federal Reserve speakers. Conditions remain mixed across COMEX metals, so confirmation around the stated levels is important.Neutral
• 12 Oct 2026Copper extends its advance as gold and silver remain below averagesCopper retains the strongest technical structure, trading above both its 20-day and 50-day averages after a 6.38% rise over 20 days. Gold and Silver remain below their 20-day and 50-day averages, although both posted gains today. Gold is testing levels above its pivot, while Silver is holding above its recent daily low. The next 48 hours feature several low-impact US events and FOMC member speeches that may cause short-term volatility.Neutral
• 09 Oct 2026Gold and silver remain below key averages as copper firmsGold and silver posted daily gains but remain below their 20-day and 50-day averages, with RSI readings near 42 indicating subdued momentum. Copper is trading above both its 20-day and 50-day averages, while its RSI near 54 points to moderately constructive momentum. The overall picture is mixed, with precious metals still inside broader corrective ranges and copper showing relative strength. USD sentiment data and a Federal Reserve speech may increase volatility during the next 48 hours.Neutral
• 08 Oct 2026Gold and silver stay under pressure as copper extends its strengthGold and silver remain below their 20-day and 50-day moving averages, keeping their short-term structure weak despite modest daily gains. Copper is trading above both averages after a stronger daily and five-day advance. Gold and silver have RSI readings below 40, while copper's RSI is near 59, indicating firmer momentum without an overbought reading. US labour data, Federal Reserve speakers and Friday's consumer sentiment releases may influence volatility across COMEX metals.Neutral
• 07 Oct 2026Gold and silver remain below key averages as copper holds firmGold and silver remain below their 20-day and 50-day averages, keeping their short-term technical bias pressured. Copper is holding above both averages and its pivot, showing comparatively stronger momentum. The FOMC Meeting Minutes at 22:00 UAE time are the main scheduled risk for all three metals, with additional attention on US labour updates on Thursday.Bearish
• 06 Oct 2026Gold and silver remain weak while copper holds above averagesGold and silver remain under pressure, with both trading below their 20-day and 50-day averages and showing negative 20-day performance. Gold is close to its 20-day low, while silver is holding above its recent low but remains below key pivot resistance. Copper has a firmer structure, trading above its moving averages with positive five-day momentum. The FOMC Meeting Minutes at 22:00 UAE on Wednesday are the main scheduled event to monitor across the metals complex.Bearish
• 05 Oct 2026Gold and silver remain under pressure as copper steadiesGold and silver remain below their 20-day and 50-day averages after sizeable 20-day declines, keeping their short-term structures under pressure. Gold is near its 20-day low, while silver has recovered above its daily pivot but remains below both moving averages. Copper is close to its 20-day average and above its 50-day average, producing a more balanced setup. US services data and a Federal Reserve speaker are the main scheduled events over the next 48 hours.Bearish
• 02 Oct 2026Gold and silver remain under pressure as copper stabilises near its averagesGold and silver remain below their 20-day and 50-day averages, keeping their short-term technical bias under pressure. Copper is trading close to its moving averages after a modest five-day decline, giving it a more balanced structure. The US employment report and wage data at 16:30 UAE time may increase volatility across all three metals. Price action around the stated pivot, support and resistance levels is likely to matter most after the release.Bearish
• 01 Oct 2026Gold and silver stay below key averages as copper steadiesGold and silver remain under their 20-day and 50-day moving averages, keeping their near-term structure cautious despite modest daily rebounds. Copper is holding just above both averages, while its recent 20-day performance remains positive. US unemployment claims, manufacturing data and Federal Reserve speakers may affect all three metals during the US session. Friday’s employment figures are the highest-impact event within the next 48 hours.Neutral
• 30 Sept 2026Gold and silver stay soft as copper holds above trend supportGold and silver remain under pressure on a 20-day and 50-day moving-average basis, despite both gaining on the latest session. Copper is holding above its 20-day and 50-day averages, giving it the strongest technical structure of the three metals. US inflation, GDP and employment releases at 16:30 UAE time could increase volatility across COMEX metals. The broader COMEX picture is mixed, so confirmation around the stated levels remains important.Neutral
• 29 Sept 2026Gold and silver remain under pressure as copper steadiesGold and Silver remain in clear short-term declines, with both trading below their 20-day and 50-day averages. Gold is close to its 20-day low, while Silver is testing its own 20-day low after sharp five-day losses. Copper is comparatively firmer, holding above its moving averages despite a weaker five-day performance. US confidence, labour-market data, inflation and GDP releases may increase volatility across the metals during the next 48 hours.Bearish
• 28 Sept 2026Gold and silver test recent lows while copper holds its trendGold and silver are under pressure after falling to or near their 20-day lows, with both trading below their 20-day and 50-day averages. Copper remains above its 20-day and 50-day averages despite a modest daily decline, keeping its broader technical structure firmer. The scheduled US events are mostly low impact, although consumer confidence and JOLTS job openings at 18:00 UAE may influence dollar-sensitive metals. Volatility conditions are elevated in gold and silver relative to copper, so conditional level reactions remain important.Bearish
• 25 Sept 2026Gold and silver remain under pressure as copper extends its advanceGold and silver remain below their 20-day and 50-day averages, keeping their short-term structure under pressure despite modest daily rebounds. Gold is holding just above its pivot, while silver is above its pivot and 50-day average but still below its 20-day average. Copper retains the strongest profile, trading above both moving averages with positive five-day and 20-day changes. US speeches and economic releases may increase volatility in metals during the UAE afternoon and evening.Neutral

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