Gold, silver, and lithium rise as zinc, tin fall

The move in metals also came against a backdrop of firmer macro signals for safe-haven assets. U.S. 10-year Treasury yields were around 4.69% in the latest reading, while Adalytica’s U.S. dollar trade signals showed “Extreme Greed,” a setup that can still support gold if markets expect slower growth or eventual policy easing. In parallel, the Adalytica S&P 500 trade signals sat in “Extreme Greed,” suggesting investors are not broadly fleeing risk assets — but are still making selective hedges inside commodities.

Gold exchange-traded fund GLD rose to $398.47 in the latest reading, above its 50-day average of $382.34 and with RSI at 72.8, a level that points to strong momentum and an overbought short-term tape. Silver ETF SLV climbed to $57.50, also well above its 50-day average of $56.64. The technical setup suggests the rally is being driven by real buying rather than a brief bounce, though stretched readings could make the metals vulnerable to profit-taking.

Lithium’s strength is more cyclical. The Global X Lithium ETF LIT closed at $74.01, up from $72.41 the day before and near its 50-day average of $75.59, after spending much of the year under pressure. The move fits with comments from producers such as Albemarle, which said lithium index pricing has started to rebound from low levels, while SQM has described a tight market balance and better near-term pricing conditions. For investors, that matters because lithium equities have been discounting a prolonged glut; any sustained price recovery would feed directly into earnings leverage.

Oil prices were also in focus, with WTI at $81.96 in the latest context and a forecast at $84.706, reinforcing the idea that inflation-sensitive commodities remain supported. That combination can be constructive for miners and producers, but it also keeps pressure on downstream users in manufacturing and clean-tech supply chains.

For now, the market message is one of divergence: precious metals are drawing haven flows, lithium is benefiting from a tentative supply-demand reset, and industrial metals remain under strain. Investors will be watching whether gold can hold above its recent technical breakout and whether lithium pricing turns from bounce into cycle recovery. If not, Friday’s session may prove to be less the start of a broad commodity upswing than another sign of a market picking winners and losers with unusual precision.