Created on April 22, 2026

Silver has gotten hammered during the trading session as talks between the Americans and the Iranians appear to be on hold. So, interest rates have spiked. With that being the case, it makes a certain amount of sense that traders will be very concerned about the potential risk appetite going forward.

If that ends up being the case, then silver gets hammered. It probably drops down to the $70 level relatively soon. The upside is the $82 level where we see a lot of resistance. And if we can break above there, then we can go to the $90 level.

The Geopolitical Impact on Risk Appetite

Quite frankly, we need the situation between the Americans and the Iranians to finally stop. There are a lot of games being played when it comes to talks and as long as that is the case, the war has a very high likelihood of continuing. Supposedly, the 2-week ceasefire ends sometime on Wednesday, so we will have to wait and see how that happens, but I think traders are starting to focus on the idea that maybe shots will be fired again.

If that is the case, silver probably gets hurt. Silver eventually will rally because there is a lot of demand for silver, but right now it is all about the interest rates just destroying the silver forecast. It is a non-yielding asset, and it of course makes a huge difference in how this plays out.

Ultimately, I think the 200-day EMA will be held, but that is all the way down at roughly $65. So, we could fall somewhat significantly. Watch the 10-year yield. If it rises, silver falls. That has been the game we have been playing for a while.

Ready to trade our daily forex analysis and predictions? Here are the best Silver trading brokers to choose from.

Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.

Domestic coffee prices

The domestic coffee market this morning, April 22, recorded a simultaneous downward adjustment in key growing areas of the Central Highlands after strong fluctuations.

According to actual records, the average purchase price throughout the region has retreated to the threshold of 86,900 VND/kg with a general decrease of 500 VND/kg in all localities.

Specifically, in Dak Nong province (old), coffee prices are currently trading at the highest level in the region at 87,100 VND/kg. In Dak Lak and Gia Lai provinces, the purchase price is also at the threshold of 86,800 VND/kg.

Meanwhile, Lam Dong region listed the lowest price in the region at 86,300 VND/kg. This decrease reflects the caution of domestic speculators as world coffee prices are under great pressure from macroeconomic supply and demand reports.

World coffee prices

On international exchanges, red color continued to cover both London and New York exchanges in the early morning closing session today. Arabica coffee futures for May delivery in New York fell another 3.20 cents, equivalent to 1.10%, to the lowest level in the past 7 weeks.

Similarly, the London exchange also recorded Robusta futures for May delivery falling 25 USD, equivalent to 0.72%, despite efforts to recover at the beginning of the session. A technical sell-off wave was triggered when investment funds were concerned about a long-term supply surplus, especially when Arabica could not maintain important support levels previously.

Coffee price assessment

The main reason for the current decline in coffee prices is the prospect of a super bumper crop in Brazil. Marex Group Plc estimates that the output of this South American country in the 2026/27 crop year may reach a record 75.9 million bags, an increase of 15.5% compared to the previous year.

At the same time, the StoneX organization also put pressure on market sentiment when forecasting that the global coffee surplus in 2026 will expand to 10 million bags, marking the largest surplus in the past 6 years.

In Vietnam, Q1 export data increased by 14% to 585,000 tons, showing that the actual supply of goods to the market is still maintained at a high level, creating additional downward pressure for the Robusta line.

Although the market is under great oversupply pressure, there are still some factors hindering the deep decline. The closure of the Strait of Hormuz due to tensions in the Middle East continues to push up sea transportation costs, insurance and fuel costs, making it difficult for international roasters to import goods.

In addition, Robusta inventories on the ICE exchange are currently still at the lowest level in 16 months with only 3,788 lots as of the beginning of the week. In Brazil, rainfall in the Minas Gerais region last week only reached 20% of the historical average, which is also an important variable that could affect actual yields if the drought persists.

Coffee prices are for reference only, and may vary by region.

Copper price didn’t move anything since yesterday by its fluctuation near the initial support at $5.9700, due to the contradiction of the main indicators, by providing negative momentum by stochastic, which settles below 50 level.

 

The sideways trading might continue, reminding you that the negative pressure might force it to form some bearish corrective trading, attempting to reach $5.8200, while activating the bullish trend requires a new bullish momentum to push the price to settle above $6.1200, to begin activating new positive stations that might extend in the initial period at 6.2500.

 

The expected trading range for today is between $5.8200 and $6.100

 

Trend forecast: Fluctuated within the bullish trend

Copper price didn’t move anything since yesterday by its fluctuation near the initial support at $5.9700, due to the contradiction of the main indicators, by providing negative momentum by stochastic, which settles below 50 level.

 

The sideways trading might continue, reminding you that the negative pressure might force it to form some bearish corrective trading, attempting to reach $5.8200, while activating the bullish trend requires a new bullish momentum to push the price to settle above $6.1200, to begin activating new positive stations that might extend in the initial period at 6.2500.

 

The expected trading range for today is between $5.8200 and $6.100

 

Trend forecast: Fluctuated within the bullish trend

Domestic coffee prices

The domestic coffee market this morning, April 21, recorded a booming price increase in all key growing areas of the Central Highlands.

According to actual surveys, the average purchase price throughout the region has increased by an additional 2,000 VND/kg, bringing the crude price level to the threshold of 87,400 VND/kg. Specifically, in Dak Nong province (old), coffee prices recorded the strongest increase with 2,100 VND, pushing the purchase price to the threshold of 87,600 VND/kg.

In Dak Lak and Gia Lai provinces, prices also simultaneously increased by 2,000 VND, currently trading stably at 87,300 VND/kg. Lam Dong area listed a price of 86,800 VND/kg after recovering by 2,000 VND compared to yesterday’s session. This shock increase helped the market quickly regain what it had lost after a series of gloomy days.

World coffee prices

Developments on international exchanges last night were also brilliantly green due to unexpected geopolitical fluctuations in the Middle East region. Robusta coffee prices on the London exchange for May 2026 delivery jumped up to 94 USD (equivalent to 2.77%), closing the session at 3,482 USD/ton.

At the same time, the New York exchange witnessed Arabica prices increase by an additional 2.90 cents (equivalent to 1.0%), closing at 292.20 cents/lb. The main driving force pushing prices up was information that Iran announced the closure of the Strait of Hormuz on Saturday after the US refused to lift the maritime blockade on its ships. The paralysis of the vital sea transport route immediately pushed up freight, insurance and fuel costs, forcing international roasters to step up purchases to ensure inventory.

Coffee price assessment

Regarding basic factors, the Robusta coffee line is receiving double support as inventories monitored by the ICE exchange continue to fall deeply to the lowest level in the past 16 months, leaving only 3,788 lots as of Monday. In addition, the weather situation in Brazil is also supporting the buying side when the country’s largest coffee growing region, Minas Gerais, only received rainfall equal to 20% of the historical average in the past week. However, the market’s breakthrough momentum is still somewhat restrained by the forecast of a global surplus of up to 10 million bags by StoneX in 2026 and the expectation of a record harvest of 75.9 million bags in Brazil from Marex Group. In Vietnam, the rate of coffee exports in the first quarter increased by 14% to 585,000 tons, which is also a barrier preventing Robusta prices from increasing too sharply.

It is predicted that in the coming sessions, coffee prices will continue to be strongly fluctuating around the 86,500 – 88,500 VND/kg range as the market strives to react to conflicting news about supply. If the logistics tension has not shown signs of cooling down, domestic prices have a complete opportunity to re-establish the 90,00 VND mark in the near future.

The actual prices in localities may differ depending on the quality of the seeds and actual transaction agreements.

Why are oil and gas prices down today, and will Brent, US WTI crude futures, Dutch and British gas rates drop further or rise again? Energy markets moved sharply as traders responded to signals from geopolitics, weather forecasts, and supply expectations. Oil prices fell after strong gains in the previous session. Gas prices in Europe also dropped due to warmer weather and lower heating demand. Investors now focus on US-Iran talks, supply disruptions in Russia, and energy storage levels in Europe. Market participants want to know whether oil could reach $110, whether gas prices will stay low, and what investors should do next.

Why are oil and gas prices down today, and will Brent, US WTI crude futures, Dutch and British gas rates drop further or rise again?

Oil and gas prices moved lower as traders reacted to expected US-Iran talks and the possibility of more oil supply entering the market. Warmer weather forecasts in Europe also reduced gas demand, which pushed prices down. However, supply risks remain due to shipping limits in the Strait of Hormuz, Russian export disruptions, and falling inventories. Because of these mixed signals, prices may either fall further if supply improves or rise again if disruptions continue.

Why are oil and gas prices down today?

Oil prices dropped mainly because markets believe talks between the United States and Iran could restart and lead to more oil supply. Gas prices also fell because warmer temperatures reduced heating demand across Europe. Strong wind power generation also lowered gas consumption. These factors reduced short-term demand and improved supply expectations, which pressured prices.

Will Brent, US WTI crude futures, Dutch and British gas rates drop further or rise again?

Prices could move in either direction. If talks succeed and supply increases, Brent, WTI, and European gas prices may remain lower. If shipping disruptions continue or new supply problems emerge, prices could rise quickly. Investors are watching inventory data, export trends, and geopolitical developments to understand the next price direction.

Oil falls as markets expect US-Iran talks and new supply

Oil prices dropped on Tuesday after rising strongly the day before. Brent crude futures fell by 69 cents to $94.79 per barrel. US West Texas Intermediate for May fell by $1.12 to $88.49. The June WTI contract fell to $90.27.

Prices had surged earlier after Iran shut the Strait of Hormuz and the United States seized an Iranian cargo ship as part of a ports blockade. The Strait of Hormuz carries about one fifth of global oil supply. This made markets fear supply shortages.

Now traders expect peace talks between the United States and Iran. Markets believe talks could extend the ceasefire or reach an agreement. According to analyst Tamas Varga, markets expect progress before the ceasefire expires. However, uncertainty remains. Iranian Foreign Minister Abbas Araqchi said violations of the ceasefire make negotiations difficult. Iran has not confirmed participation in talks.

Will US and Iran make peace or close the Strait of Hormuz for another month?

Shipping through the Strait of Hormuz remains limited. This route carries a large share of global oil exports. Even a short disruption can affect prices. EU Energy Commissioner Dan Jorgensen warned Europe could face a difficult summer due to fuel shortages. Analysts at Citi said that if disruptions continue for another month, global oil losses could reach 1.3 billion barrels. In that case, prices could reach $110 in the second quarter.

Supply disruptions from Russia add more uncertainty

Another factor affecting oil prices is the ongoing fire at Russia’s Tuapse Black Sea port after a Ukrainian drone attack. The port is an oil export hub and home to a refinery owned by Rosneft. Russia is also expected to stop oil exports from Kazakhstan to Germany through the Druzhba pipeline starting May 1. This adds more uncertainty about future supply.

Markets are also waiting for the US Energy Information Administration weekly oil report. The previous report showed crude stocks, gasoline, and distillate inventories fell as imports declined and exports increased. Analysts say rising US exports could support prices again because supply remains tight in Europe and Asia.

European gas prices fall due to warm weather and demand drop

Dutch and British gas prices dropped on Tuesday morning. Traders reacted to warmer temperature forecasts and expected lower heating demand. The Dutch front-month contract at the TTF hub fell by 0.86 euros to 839.44 euros per megawatt hour. The British contract fell by 2.45 pence to 98.86 pence per therm.

Analysts at Engie EnergyScan said warmer weather and strong wind power generation reduced demand. Forecasts show temperatures will stay higher across Western Europe for the next two weeks.

Heating demand is expected to fall significantly. Local distribution zone demand could drop by 36 gigawatt hours per day. Weekend demand could fall by 48 gigawatt hours per day. Demand for working days next week could drop by 176 gigawatt hours per day.

EU gas storage levels remain lower than last year

European gas storage sites are 30.4% full. Last year at the same time, storage levels were about 36.7%. Lower storage means Europe remains vulnerable if supply disruptions continue. The European carbon market also fell slightly, with benchmark carbon contracts down to 75.66 euros per metric ton.

Will oil prices hit $110 soon?

Oil prices could rise again if disruptions continue. Markets are balancing two forces. One force is the expectation of peace talks and new supply. The other is the risk of supply disruptions and rising exports. If talks fail or shipping remains disrupted, prices could rise quickly. If talks succeed and supply increases, prices could fall further.

Analysts insights and market outlook

Analysts say the market is driven by uncertainty. Investors are watching diplomacy, supply flows, and demand forecasts.

Key drivers include:

• US-Iran talks outcome
• Strait of Hormuz shipping levels
• Russian export disruptions
• US oil inventory data
• European weather and gas demand

These factors will shape price direction in the coming weeks.

What should investors do now?

Investors face a volatile market. Short-term price swings may continue. Traders are waiting for clarity on negotiations and supply. Many analysts suggest monitoring geopolitical developments and inventory reports closely. Energy markets remain sensitive to new headlines and policy changes.

FAQs

Q1. Why are oil and gas prices down today?
Prices fell because markets expect US-Iran talks to increase supply. Warm weather reduced European gas demand. Investors are waiting for inventory data and geopolitical developments before taking new positions.

Q2. Will Brent, WTI crude, and European gas prices rise again soon?
Prices could rise if supply disruptions continue or talks fail. If negotiations succeed and supply increases, prices may remain lower. Markets remain sensitive to geopolitical news and demand changes.

The GBPAUD remains affected by the negative factors that are represented by the continuation of forming main resistance at 1.9545 level, besides the unionism of providing negative momentum by the main indicators, to notice resuming the negative movement to settle near 1.8860.

 

Forming extra barrier at 1.9090 level and providing negative momentum will reinforce the chances of resuming the bearish trend, to reach 1.8745 level, to repeat the pressure at 1.8675.

 

The expected trading range for today is between 1.8745 and 1.8900

 

Trend forecast: Bearish 

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

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