Ryan Stancil,
Editor
April 20, 2026
Commodity Callout
One commodity the war is having the biggest effect on is lithium, due to rising EV demand. This could be a long-term trend that investors will want to keep a close eye on.
Metal Price Update
Gold — Gold’s upward trend saw a dramatic boost, starting the week around $4770 per ounce, reaching as high as $4900 and ultimately settling around $4849. News of a ceasefire between Israel and Hezbollah was the biggest catalyst and any further easing of tensions will likely have major effects on the price of gold.
Silver — Silver was in a similar boat. It started just shy of $76 per ounce and climbed up to $82.80 before settling just below $81. The market is starting to regain faith in silver and gold, so now might be the perfect time to buy back in.
Copper — Copper continued moving up, but in a tighter range than many other commodities. It started the week around $6 per pound and ended around $6.08. Easing tensions were a boon for copper like everything else, even if its upward movement wasn’t as dramatic.
Lithium Carbonate — Lithium rose over the week, starting around $23,000 per metric ton and ending around $24,800. Climbing oil prices have boosted electric vehicle demand, and growing lithium demand goes hand-in-hand with that. This is a trend that’s likely to continue with volatility being a fact of everyday life.
Uranium — Uranium rose too, starting around $85.40 per pound and ending around $86.65. Amid price swings seen in other commodities, traders have been overlooking uranium but its rising demand can’t be ignored.
Company Callout
Uranium being considered a boring commodity in this ongoing market is exactly why you should consider URZ3 Energy (TSX-V: URZ)(OTC: URZEF) for your portfolio.
The company added a new member to its board of directors in Dr. Ivy Estabrooke. She brings expertise in national security as well as leadership experience in the uranium industry, qualities that will be essential to the company as the US works toward becoming energy independent via nuclear power. This makes her the latest in a long line of board members who are well connected in the industry.
The company is also one worth watching because it has continued operations throughout the Powder River Basin in Wyoming, implying that something is there and the company expects news that will bring it the right kind of attention sooner than later.
This company is exactly the kind that can be a pillar of your portfolio. It’s a core pick in Gerardo’s Junior Resource Speculator portfolio, where it is already up over 75% and Gerardo believes that’s just the beginning.
Learn more about the company and why Gerardo thinks it will be bigger by clicking here.
Keep your eyes open,
Ryan Stancil
Editor, Resource Stock Digest