Commodities news

The start of the new year has marked a dramatic escalation in the United States’ confrontation with Venezuela.

Gold and silver continue to move higher as the latest developments in Venezuela push investors to seek safe havens

Movement relatively contained considering the fundamental update with the technical bias still negative, while in sentiment both CoT speculators and clients are extreme buy.

Commodities have started the week with strong moves, but the direction differs based on each fundamental drivers.

Technical overview remains volatile on the precious metals front with gold no exception, and both clients and CoT speculators are majority buy.

Silver spot is trading at $52.44 per ounce as of 16:41 UTC on 20 October 2025, within its intraday range of $51.12–$54.43.

The recent rally in silver has been impressive but the technical picture shows signs of overexhaustion

US equities struggle to capitalise on the dovish FOMC meeting as the AI valuation concerns resurface.

Gold prices have surged since mid August of this year, continuing an historic rally that began towards the end of 2023. Since then, gold prices have more than doubled.

Gold hovers around $4,200 ahead of the Federal Reserve meeting as traders await key insights.