Commodities Update: Silver Soars, Natural Gas Declines
· Commodities · QuoteReporter
Commodities Update: Silver Soars, Natural Gas Declines
Commodities Market Update | February 13, 2026
Market Commentary
### Commodities Market Commentary: Stabilizing Amid Macro Uncertainties
Commodity markets exhibited mixed resilience this week, with precious metals leading gains amid persistent inflation hedging demand, while energy prices held steady despite easing geopolitical tensions. Silver surged 4.07% to $78.62, gold advanced 1.67% to $5005.70, and palladium climbed 1.80% to $1680.00, underscoring their role as safe-haven assets. These movements align with heightened expectations for persistent inflation, bolstered by upcoming US CPI data and Eurozone GDP releases, which could influence central bank rate paths. A stronger US dollar, as EUR/USD drifted lower, typically pressures dollar-denominated commodities, but the inverse effect was muted here, as investors prioritized metals’ protective qualities against potential monetary easing delays from the Federal Reserve.
In base metals, copper edged up 0.73% to $5.81, supported by anticipated policy shifts easing trade barriers on aluminum and steel imports. This reflects broader supply-demand dynamics favoring industrial metals, where global manufacturing recovery—despite cooling Canadian spending momentum into 2026—sustains demand from infrastructure and electrification trends. Potential tariff rollbacks could alleviate cost pressures, enhancing competitiveness and spurring consumption in key sectors like construction and renewables.
The energy sector showed subdued activity, with Brent crude ticking up 0.07% to $67.57 and WTI rising 0.03% to $62.86, marking a second consecutive weekly decline. Receding risks from Iran-related geopolitical events have tempered supply disruption fears, allowing prices to stabilize near multi-month lows. However, this calm belies underlying demand fragility; softer global growth signals, including tempered Eurozone expansion, could cap upside, while OPEC+ production decisions remain pivotal. Ripple effects extend to transportation and manufacturing costs, indirectly supporting softer industrial commodity outlooks.
Agricultural markets displayed divergence, with cotton gaining 3.71% to $64.29 and coffee up 1.44% to $299.05, driven by robust export demand from emerging programs in populous Asian economies. These gains counterbalance corn’s slight 0.12% dip to $430.75, amid ample US supplies offsetting weather-related concerns in other regions. Overall, currency headwinds from USD strength weigh on ag prices, but supply tightness in fibers and beverages underscores resilience.
Looking ahead, focus remains on major macro catalysts: inflation prints and GDP figures will gauge interest rate trajectories, potentially amplifying volatility across.
Commodities Overview
| Commodity | Price | Daily (%) | 52W High | 52W Low | RSI (14) |
|---|---|---|---|---|---|
| Silver | $78.62 | +4.07% | $121.30 | $35.27 | 46.5 (Neutral) |
| Cotton | $64.29 | +3.71% | $68.02 | $60.79 | 59.4 (Neutral) |
| Palladium | $1680.00 | +1.80% | $2169.90 | $1032.00 | 44.9 (Neutral) |
| Gold | $5005.70 | +1.67% | $5586.20 | $3253.80 | 56.7 (Neutral) |
| Coffee | $299.05 | +1.44% | $437.95 | $283.65 | 29.0 (Oversold) |
| Platinum | $2038.30 | +1.21% | $2852.40 | $1177.10 | 42.7 (Neutral) |
| Copper | $5.81 | +0.73% | $6.51 | $4.32 | 49.6 (Neutral) |
| Brent Oil | $67.57 | +0.07% | $81.40 | $58.72 | 53.2 (Neutral) |
| Crude Oil (WTI) | $62.86 | +0.03% | $78.40 | $54.98 | 52.8 (Neutral) |
| Corn | $430.75 | -0.12% | $453.00 | $368.75 | 50.4 (Neutral) |
| Wheat | $550.75 | -0.32% | $578.25 | $492.25 | 65.3 (Neutral) |
| Cocoa | $3699.00 | -1.67% | $10531.00 | $3698.00 | 26.1 (Oversold) |
| Natural Gas | $3.14 | -2.33% | $7.83 | $2.62 | 42.0 (Neutral) |
Best Performer: Silver
Silver is currently trading at $78.62, showing a neutral trend as indicated by an RSI of 46.51, suggesting it is neither overbought nor oversold. The price is positioned below the 21-Day MA at $89.85, indicating potential resistance, while the 50-Day MA at $78.19 serves as immediate support. The 200-Day MA at $50.36 indicates a long-term bullish sentiment. The MACD at -0.78 signals bearish momentum, with the MACD line below the signal line. In the short term, if silver fails to break above the 50-Day MA, it may test support at that level, while a move above $89.85 could trigger a bullish reversal.
Worst Performer: Natural Gas
Natural gas is currently trading at $3.14, indicating a bearish trend as it is below its 21-day ($4.17) and 50-day ($4.10) moving averages. The 200-day MA at $3.61 serves as a key support level, while the proximity to this level suggests potential downside risk if breached. The RSI at 42.04 indicates a neutral position, moving away from oversold conditions, but not yet signaling a recovery. The MACD at -0.30 further confirms bearish momentum, suggesting continued downward pressure. In the short term, prices may test support near the 200-day MA, with any significant rally needing to overcome the 21-day MA for a change in trend direction.
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