Copper, Gold, and Silver Markets Shaped By Fundamentals

Together, these markets highlight the diverse forces shaping industrial inputs and safe-haven assets.

NASHVILLE, Tenn. (RFD-TV) — Key industrial and precious metals are being driven by structural factors that extend beyond daily trading shifts, according to ADM Investor Services.

Copper remains closely tied to China’s economic trajectory. While factory surveys indicate modest improvements in production and export orders, deflationary pressures and reduced demand ahead of national holidays underscore the ongoing fragility. Import premiums have softened, suggesting caution among buyers, though long-term demand remains underpinned by China’s role in manufacturing and renewable infrastructure.

Gold remains influenced by political and economic risks. Profit-taking weighed on prices recently, but safe-haven demand is reinforced by fiscal uncertainty in Washington, where budget gridlock raises the risk of a government shutdown. Global geopolitical tensions also support gold’s role as a hedge, with investors seeking stability against inflation and conflict-driven volatility.

Silver fundamentals remain strong despite price pullbacks. The Silver Institute projects a fifth consecutive annual supply deficit in 2025, with global output expected to fall short of demand by 100 million ounces. Industrial consumption tied to solar expansion and renewable energy technology is helping to sustain silver demand, particularly with China’s solar exports rising sharply.

Farm-Level Takeaway: Copper reflects China’s manufacturing health, gold tracks political and global risk, and silver is buoyed by renewable energy demand amid supply shortfalls. Together, these markets highlight the diverse forces shaping industrial inputs and safe-haven assets.
Related Stories
Seasonal boxed beef softness does not change the tight-supply outlook — leverage remains closer to the farm gate heading into 2026.
Pork producers warn that proposed definitions of “ultra-processed” food in guidelines from the “Make America Healthy Again” plan could negatively impact industry-standard bacon, sausage, and feed practices.
Plan for sharp, short-term volatility after unexpected outages; permanent closures rarely trigger major price spread disruptions.
Outdated reporting thresholds reduce cash-market visibility and increase the urgency of comprehensive Mandatory Price Reporting reform.
Cattle imports from Mexico remain stalled amid the New World screwworm outbreak. At the same time, Tyson closures add pressure on Nebraska producers and markets ahead of the USDA’s upcoming Cattle on Feed Report.
The Lexington shutdown pushes national slaughter capacity utilization nearer long-run averages, underscoring how tight cattle supplies are reshaping packer operations.
Tight cattle supplies continue to drive lower beef output despite heavier weights.
Kip Eideberg with the Association of Equipment Manufacturers details its campaign spotlighting the people who build equipment vital to farming and food manufacturing.
Cargill’s commitment to keep plants open helps preserve competition as Tyson removes capacity amid historically tight cattle supplies.

Tony St. James joined the RFD-TV talent team in August 2024, bringing a wealth of experience and a fresh perspective to RFD-TV and Rural Radio Channel 147 Sirius XM. In addition to his role as Market Specialist (collaborating with Scott “The Cow Guy” Shellady to provide radio and TV audiences with the latest updates on ag commodity markets), he hosts “Rural America Live” and serves as talent for trade shows.

LATEST STORIES BY THIS AUTHOR:

Rising import pressure and tougher export competition are likely to persist into 2026, supporting domestic supplies while capping export growth.
Without additional support, many soybean operations will continue to face financial stress as they prepare for the 2026 crop.
Placements and marketings beat expectations, but declining on-feed totals and feeder constraints keep the supply story supportive for cattle prices into 2026. Dr. Derrell Peel, with Oklahoma State University, joined us to break down cattle-on-feed numbers and provide his broader market outlook.
Rural population growth and stabilizing economic indicators point to post-pandemic recovery, but uneven income, shifting industries, and regional divides remain key challenges for rural communities.
Large-scale land purchases signal rising competition for ranchland, reinforcing its value while reshaping long-term access and control in rural agriculture.
Moderate oil prices may ease fuel costs, but continued caution in the energy sector could limit rural economic growth.