#goldsilverrally Precious metals are experiencing sharp volatility after a historic January 2026 rally, with gold jumping over 24% to nearly $5,600/oz and silver surging 60% to around $122/oz. The spike was fueled by strong central bank accumulation (notably China), rising US-Iran tensions, and tightening silver supply driven by AI and clean energy demand.

In February, prices corrected—gold easing toward $5,000 and silver near $80—amid profit-taking and expectations of a stronger dollar following Kevin Warsh’s Fed nomination. Despite the pullback, the broader trend remains positive due to persistent US fiscal pressures and ongoing industrial demand constraints in silver.