Copper price remains affected by the temporary negative pressures that comes from stochastic exit from the overbought level, which forced it to provide extra pressure on the initial support at $5.9700 as appears in the above image.

The continuation of the negative pressures might force it to activate the bearish corrective track, to expect targeting $5.8200 level, to begin forming new bullish waves, while surpassing $5.8200 level and holding below it might motivate more of the bearish attempts, which might extend towards $5.7100.

The expected trading range for today is between $5.8200 and $6.050

Trend forecast: Fluctuated within the bullish trend

All the recent charts of X, Investing.com, and TradingView are pointing to silver having broken higher, regained major support, and continues to trade in a bullish tone, although the momentum is beginning to slow towards the end of the move.

Silver is soaring again, with XAG/USD trading towards the level of $79 as buyers continue to dominate the short-term trend.

The present rally appears to be more than just a bounce. Price has been establishing higher highs and lower lows, and each minor decline has thus far been met with new buying. That keeps the focus on whether silver has the potential to hold the breakout zone and reach new intraday highs.

Bullish Continuation Setup Holds Buyers in The Lead

A recent X post declares silver a continuation trade that is bullish in the 1-hour chart. It outlines a pure rupture of formation, an effective reassertion of support, and an effective demand area that ratifies buyer muscle.

According to the X chart, it displays a steep upward impulse followed by a minor retreat into support and a fresh upward push.

The focus of that structure is a retracement zone of about $76.50-$76.80 with a cushion area at $75.50 and an upside range of $78.50-$79.80. On one hand, it cleared off earlier liquidity and retained the retreat rather than falling back into the previous range.

Investing.com Shows Good Intraday Progress

Additionally, the Investing.com chart places silver at $79.0105, up $3.4300, or 4.54%, on the day. The relocation is not only robust in terms of percentages but also in form. The chart indicates a consistent rise from the low point of 73 to the high point of 79 in about a day and a half.

As per the investing.com chart, it has its dips and stops, yet the direction of the trend is definitely upwards. The price stabilizes at $74 to $75, then rises to a higher level of approximately $76, and finally accelerates to the most recent trend of $79.

The move is also strong, as evidenced by the wider performance numbers. Silver has increased by 8.38% in one week and by 53.62% in six months. However, it is still declining by 1.87% in one month.

Strength in The Upper Band

On the other hand, Bollinger Bands position the upper band at $79.293, the midline at $79.046, and the lower band at $78.799. Price is currently below the midline and is very near the upper part of the range, which indicates that buyers are still in control despite the slowing of the immediate pace.

XAG/USD opens at $78.916, highs at $78.941, and lows at $78.846; it trades around $78.859, as indicated in the TradingView chart. The final candle appears nearly flat, but the larger chart reveals that silver is steadily grinding upwards throughout the session.

MACD remains positive; the histogram is -0.046, the MACD line is 0.048, and the signal line is 0.093. That combo shows upside momentum, but not as strong as at the rally’s peak. Silver is not bearish yet, but the next clean extension will probably rely on whether the buyers will be able to continue to defend the upper area of 78 and break through 79.29.

Domestic coffee prices

The domestic coffee market opened the first session of the week on April 20 with a slight simultaneous increase in key growing areas of the Central Highlands.

According to records, the purchase price has increased by another 300 VND/kg, bringing the average price level of the whole region to the threshold of 85,400 VND/kg.

Specifically, in Dak Nong province (old), coffee prices are currently maintaining the highest level in the region at 85,500 VND/kg. Dak Lak and Gia Lai localities both maintain stable trading levels at the 85,300 VND/kg mark.

Meanwhile, in Lam Dong province, the listed coffee price is 84,800 VND/kg. Although it increased slightly this morning, compared to the price level before the holiday, the market is still making efforts to accumulate to compensate for previous deep declines.

World coffee prices

Developments on international exchanges in the closing session last weekend recorded a deep red color due to positive changes in geopolitics.

On the London exchange, Robusta futures for May 2026 delivery fell by 86 USD (equivalent to 2.48%), closing the session at 3,388 USD/ton. At the same time, the New York exchange witnessed Arabica prices fall sharply by 7.15 cents (equivalent to 2.41%), closing at 289.30 cents/lb.

The direct cause of this fall was an announcement from Iran about the official reopening of the Strait of Hormuz. This news immediately relieved concerns about disruptions to the global supply chain, restored sea transport flows and reduced pressure on insurance and fuel costs that had pushed coffee prices up before.

In addition to geopolitical factors, the pressure of future supply surplus continues to be a ghost weighing on futures prices. StoneX organization has just raised its forecast for global coffee surplus in 2026 to 10 million bags, the highest level in the past 6 years. This forecast is based on the “super crop” outlook of Brazil with production in the 2026/27 crop year expected to reach a record 75.9 million bags according to Marex Group Plc, an increase of 15.5% compared to the previous year. In addition, Vietnam’s export figures in the first quarter increased sharply by 14%, reaching 585,000 tons, further strengthening the pessimistic sentiment towards supply for the Robusta line in the international market.

However, the market still has support points to stop the deep decline. Robusta inventories on the ICE exchange have fallen to the lowest level in the past 16 months, with only 3,838 lots left as of last Friday. At the same time, the weather situation in Brazil is also showing negative signs when rainfall in the Minas Gerais region reached only 4.2 mm, equivalent to 20% of the historical average. This drought, if prolonged, could reduce actual yields, completely contrary to record production forecasts on paper. In Brazil, green coffee bean exports in March also recorded a decrease of 10% compared to the same period, showing that supply from this country is not as abundant as expected.

It is forecasted that in the coming sessions, coffee prices will continue to be strongly fluctuating around the 84,500 – 86,000 VND/kg range as investors balance the news of transport route clearance in Hormuz and the stockpile situation at the London floor which is at the bottom.

The actual prices at the purchasing yards may change depending on the area and specific agreements.