Platinum price faced strong negative pressures, which forces it to provide negative corrective trading by reaching $2370.00, to rebound to settle above the minor bullish channel’s support at $2520.00.

 

The continuation of providing negative momentum by stochastic will increase the negative pressure, to expect forming corrective waves to press on $2430.00 support, where breaking it will open the way for resuming the corrective decline, and $2325.00 will form extra initial target for the bearish track, while renewing the bullish trend requires a new positive close above $2710.00. 

 

The expected trading range for today is between $2430.00 and $2560.00

 

Trend forecast: Bearish

Created on January 30, 2026

• Silver markets continue to see a lot of volatility on Thursday as we have seen a new high, only to turn around rapidly.

Silver markets continue to see a lot of volatility as we broke above the $120 level, only to turn around and show signs of weakness. All things being equal, this is a market that I think continues to see a lot of questions asked about whether or not it can continue to go higher.

But with all that being said, I also recognize that we continue to see a lot of questions about whether or not the silver market can sustain this type of pressure and quite frankly, I don’t think it can. So, with that being the case, I also recognize that the market is going to remain very dangerous and doing anything with huge position size is probably going to be a major problem.

Market Volatility and Position Sizing

We have seen the market break all the way towards the $122 level and then turn around to drop to the $111 level in a very short amount of time during the day. In fact, it’s probably worth noting that volume spiked quite wildly at about 10:00 New York time and with this being the case, it looks like we have seen a retest of the $110 level as we are starting to see the narrative play out that perhaps there’s all sellers and no buyers at some of these higher levels.

If that’s going to be the case, I fully anticipate that this market will probably drop. I do think the $100 level will be a bit of support, but I also recognize that the volatility will continue to be a situation where traders are looking at this through the possibility of a deep correction that they can take advantage of value.

The silver market will eventually go looking to its floor and find out where that is, but this time it’s obviously going to be higher than the last major melts up. All things being equal, I think buying dips continues to work, but as we saw on Thursday, you have to be very careful about position sizing as a lot of long positions just got wiped out.

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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.

Copper price’s trading extended towards $6.5225 level, achieving new historical gains but its neediness to the negative momentum pushed it to decline again to settle below $6.2100 resistance, to begin gathering some gains by reaching $6.000.

 

The contradiction between the main indicators by the stability below the resistance might increase the efficiency of the bearish corrective track, which might target $5.7500 level reaching the initial support at $5.5100.

 

The expected trading range for today is between $5.8000 and $6.2000

 

Trend forecast: Bearish

 

Why are oil and copper prices rising to record highs and will they increase further or fall down is now a central question for global markets. Commodity prices moved higher as investors reacted to geopolitical risks, currency moves, and expectations around demand. Oil prices jumped to multi-month highs after reports of possible United States action against Iran, a key oil producer. At the same time, copper prices surged to record levels as speculative buying increased, supported by a weak US dollar and hopes of higher spending on energy and power infrastructure. These factors together pushed energy and metal markets higher.

Why are oil and copper prices rising to record highs and will they increase further or fall down?

Why are oil and copper prices rising to record highs and will they increase further or fall down is driven by a mix of geopolitical risk, currency movement, and investor activity. Oil prices moved higher due to concerns over possible supply disruption linked to Iran and Middle East tensions. Copper prices climbed to record levels as speculative funds increased positions, supported by expectations of higher spending on power, data centres, and energy transition projects. A weak US dollar made commodities cheaper for global buyers. Future price direction depends on geopolitical developments, actual demand trends, supply responses, and whether speculative interest continues or fades.

Why are oil prices rising to record highs?

Why are oil prices rising to record highs is mainly linked to fears of supply disruption from Iran, one of the largest OPEC producers. Reports of potential US military action and new European Union sanctions raised concerns over oil flows through the Strait of Hormuz. At the same time, the US dollar stayed weak, supporting oil demand. Oil prices also gained support from expectations that interest rates may stay steady, which can support economic activity and fuel consumption in major economies.

Oil prices surge on Iran risk

The oil prices are rising to record highs due to oil market fears. Oil prices climbed about 4% after reports said the United States may take action against Iran. Iran is a major OPEC producer.

Brent crude rose to $70.90 per barrel. WTI rose to $65.56 per barrel. Both reached levels last seen months ago. Markets fear Iran may respond by targeting regional oil flows. The Strait of Hormuz carries about 20 million barrels per day.

The European Union also imposed sanctions on Iran. It targeted officials and entities linked to protest crackdowns. The EU also designated Iran’s Revolutionary Guards as a terrorist group. This raised supply risk concerns.

Oil supply outlook and geopolitical factors

Why are oil and copper prices rising to record highs and will they increase further or fall down also depends on supply changes. Russia may increase exports if peace talks with Ukraine progress. Russia is one of the top oil producers.

Kazakhstan said Chevron will restore full production at the Tengiz field soon. Venezuela lawmakers are discussing oil reforms. These steps may raise future supply and ease prices.

Analysts say current prices include a geopolitical risk premium. Any easing in tensions may reduce oil prices.

Dollar weakness and interest rate signals

Why are oil and copper prices rising to record highs and will they increase further or fall down is also linked to the dollar. The dollar is near multi-year lows. A weak dollar makes oil cheaper for global buyers.

The Federal Reserve signaled rates may stay steady. Lower borrowing costs can support demand. Brent’s premium over WTI rose above $5. This may increase US crude exports.

Why copper prices hit record highs?

Why are oil and copper prices rising to record highs and will they increase further or fall down includes copper market forces. Copper rose above $14,000 per ton. Speculative funds led buying, mainly in China.Copper is used in power, construction, and energy systems. Investors expect higher spending on data centers and power grids. A weak dollar also supported prices.

However, physical demand in China remains weak. Exchange inventories remain high. Analysts warn prices may not match supply and demand conditions.

Will oil and copper prices rise or fall next?

Why are oil and copper prices rising to record highs and will they increase further or fall down depends on geopolitics and demand. Oil may fall if Iran tensions ease or supply rises. Copper may correct if speculation slows and demand stays weak.

What should investors do?

What should investors do is a key question as oil and copper prices trade near record levels. Investors should track geopolitical developments linked to Iran and the Middle East, as headlines can shift prices quickly. They should also watch supply signals from OPEC, Russia, Kazakhstan, and Venezuela. For copper, investors should monitor physical demand data from China and inventory levels on exchanges. Price moves are being driven by speculation and currency trends, so risk management is important. Investors may consider avoiding overexposure and staying prepared for sharp corrections if conditions change.

FAQs

Why are oil and copper prices rising to record highs and will they increase further or fall down now?
Oil prices rose due to Iran risks and dollar weakness. Copper prices rose due to speculation and growth expectations. Future moves depend on geopolitics, demand data, and currency trends.

Will oil and copper prices fall after hitting record levels?
Prices may fall if Middle East tensions ease, supply increases, or speculative trading slows. Weak physical demand and high inventories may also pressure copper and oil prices.

Copper price succeeded in activating the bullish attack by surpassing $5.9700 barrier, to begin recording clear gains by reaching $6.2300, recording extra suggested target in the previous report.

 

Note that the stability above $5.9700 level might form an important support, besides providing bullish momentum by the main indicators, these factors support resuming the bullish attack, to expect targeting new stations that might begin at $6.4100.

 

The expected trading range for today is between $6.0700 and $6.4100

 

Trend forecast: Bullish

Meanwhile, Silver is also seeing strong gains, trading at $119.13 with a 1.96% rise, as safe-haven demand grows amid global uncertainties and US dollar weakness.

Geopolitical Tensions and Dollar Weakness Push Gold Higher

On the geopolitical front, concerns about US tariffs have returned after Germany, the Eurozone’s largest economy, lowered its growth forecasts for this year and next. Meanwhile, the tension is also rising in the Middle East, as US President Donald Trump warned Iran to come to the table on nuclear weapons, or face stronger attacks. Iran fired back, threatening the US, Israel, and their allies.

Meanwhile, Russia keeps hitting Ukrainian cities, with a recent drone strike on a passenger train killing five people. All this uncertainty, along with some selling of the US dollar, is keeping Gold in demand.

Fed’s Steady Rates and Political Concerns Give Gold a Boost

On the US front, the Federal Reserve kept interest rates unchanged after its two-day meeting, as most expected. Two Fed officials, Stephen Miran and Christopher Waller, wanted a small cut instead. Fed Chair Jerome Powell said inflation is still higher than the 2% target, but markets barely reacted. Meanwhile, worries are growing that the Fed may not be fully independent, with a DOJ investigation into Powell and efforts to remove Governor Lisa Cook raising concerns about political pressure.

For now, traders expect rates to stay steady through this quarter and possibly until Powell’s term ends in May, though two cuts are priced in for 2026. This outlook is keeping the US Dollar from gaining much and giving Gold a boost, as investors favor the safe-haven metal. All eyes are now on Thursday’s jobless claims data for fresh market movement.

Gold Prices Forecast: XAU Holds Above $5,500: Fibonacci Support Keeps Bullish Structure Intact

Natural gas price continued providing weak sideways trading, affected by the contradiction between the main indicators besides forming a significant obstacle against the attempts to renew the bullish attack, fluctuating near $3.850.

 

There is a chance for forming new bearish waves, to press on the moving average 55 at $3.450, and surpassing it might extend the losses towards $3.050, facing the extension of historical support, while the price success in surpassing $4.000 level and holding above it will allow it to renew the bullish attempts, to expect targeting $4.220 and $4.450 level.

 

The expected trading range for today is between $3.450 and $4.050

 

Trend forecast: Bearish

 

 

Copper price repeatedly provided sideways trading in the last period, affected by the contradiction between the main indicators, which forces it to settle below $5.9700 barrier, which obstructs the chances of resuming the bullish trend.

 

All that confirms the price surrender to sideways trading, to keep waiting to achieve the required breach, to open the way for recording new gains by its rally towards $6.1200 reaching the next target at $6.2400.

 

The expected trading range for today is between $5.7500 and $6.1200

 

Trend forecast: Sideways until achieving the breach