๐ Gold & Silver Market Update: Volatility Meets Opportunity
Gold ($XAU ) saw a sharp shakeout in early February, briefly testing the $4,400 zone before staging a strong recovery above $4,950 by Feb 6 ๐ฅ
This move followed a parabolic rally that pushed prices close to $5,600 in late January โ a textbook profit-taking phase after overheated momentum.
Silver ($PAXG ) was even more aggressive. Prices dropped toward $64, then rebounded sharply, but still trade well below the recent $121 peak โก
Despite the volatility, physical demand remains strong: โข London silver lease rates surged to 6.3%, signaling tight supply conditions
๐ Market sentiment is divided: โข Some traders expect a period of consolidation in the safe-haven trade
โข Others forecast gold averaging around $6,000 by 2026 ๐
๐ Key takeaway: Short-term volatility creates trading opportunities, while long-term fundamentals for gold and silver remain firmly bullish.
