Commodities Outlook for the Day: Why Gold & Silver Are Rising + Targets for Gold, Crude & Natural Gas
- Ripradaman R
- Jan 23
- 3 min read

Commodities are in strong focus today especially gold and silver, which are trading at record levels. Alongside precious metals, energy commodities like crude oil and natural gas are also active, but for different reasons.
Let’s break down the real reasons behind this move, whether Europe (EU) is buying gold, and what the likely targets are for today and the coming weeks.
Why Gold & Silver Are Going Up Today
Gold and silver are rising because global investors are shifting into safety assets.
When markets become uncertain, investors typically reduce exposure to high-risk assets and increase allocation to safe havens — gold being the biggest.
Key reasons behind the rally
1) Safe-haven buying is back
Global uncertainty has increased, and whenever uncertainty rises, gold becomes the first asset investors trust.
2) US interest rate outlook is supportive
Markets are expecting interest rates to remain soft or cuts to come in the future.
Lower rates reduce the opportunity cost of holding gold (which doesn’t earn interest), so gold becomes more attractive.
3) Dollar strength is fading
If the dollar weakens, gold and silver become cheaper for global buyers, which supports prices.
4) Central banks are still accumulating gold
This is the strongest long-term driver. Central bank buying has stayed high since 2022, and that structural demand supports the market even during pullbacks.
Are EU / European Countries Buying Gold?
Yes.
European central banks have been actively building gold reserves, and some countries have been accumulating at a fast pace.
This matters because it signals:
Official confidence in gold as a long-term hedge
Hedging against currency uncertainty
Building reserves in a more defensive global environment
In simple words:
Retail investors are buying gold for safety, and even governments are doing the same.
Outlook & Targets for the Day
Gold Outlook (Today)
Gold is bullish, but because we are in all-time high territory, volatility is unavoidable.
Today’s expected behaviour:
Strong opening possible
Profit booking dips possible
Dip buying likely to return quickly
Gold targets:
Short term: continuation towards new highs
Medium term: global targets for gold are now being revised higher (some large institutions are talking about long-term targets around $5,000+)
Best approach today:
Buy on dips
Don’t chase spikes blindly
Silver Outlook (Today)
Silver is bullish but riskier than gold.
Silver is called a high beta metal, which means gold up 1% often leads silver to move 2–3%.
So when silver rallies, it rallies hard — but corrections are also sharp.
Today’s expected behaviour:
Strong momentum
Violent intraday swings possible (2–5% candles)
Stop-loss hunting zones
Best approach today:
Small quantity
Strict stop-loss
Avoid overconfidence
Crude Oil Outlook (Today)
Crude has been holding in the $56–$60 zone.
What crude is signalling:
Demand is stable
Supply is still comfortable
Geopolitical headlines can create short spikes
Structurally crude is still capped unless there is a major supply shock
Crude targets:
Likely stays range-bound today
$58–$60 becomes key zone
Upside limited unless breaking news triggers momentum
Natural Gas Outlook (Today)
Natural gas remains the most dangerous commodity.
It is not a trending market; it is a weather, storage, and positioning market.
Drivers today:
Weather updates (cold wave or warm spells)
Storage expectations
LNG export flows
Speculative trading
Natural Gas targets:
Volatile range trading expected
Breakout attempts are common, but reversals are equally common
Best approach today:
Trade light
Quick profit booking
Avoid heavy overnight positions
Final Summary (In One View)
Gold: Bullish, buy dips (profit booking dips expected)
Silver: Bullish, but extreme volatility
Crude: Range with mild support
Natural Gas: High-risk whipsaw market
If you want, I can also make it more professional for LinkedIn / Telegram blog style or convert into a short daily market post format.
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