The precious metals market is experiencing a significant "shakeout" today, February 17, 2026. After a historic rally in January, both Gold and Silver are seeing heavy liquidations as investors pivot following shifts in US Fed expectations and a strengthening Dollar
📉 Current Price Snapshot (February 17, 2026)
Asset International Spot Price India MCX / Local Rate 24h Change
Gold ~$4,880 /oz ₹1,51,329 /10g -2.22%
Silver ~$72.65 /oz ₹2,28,076 /kg --4.93%
🔍 Key Market Drivers on Binance Square
The "Warsh" Effect: Markets are reacting to a more hawkish tone from the Federal Reserve. The nomination of Kevin Warsh as the potential next Fed Chair has signaled fewer rate cuts, boosting the USD and putting pressure on non-yielding assets like Gold.
Silver’s High Volatility: Silver has entered a "capitulation" phase. After peaking at nearly $120/oz in late January, it has crashed over 30% this month. However, analysts on Binance Square note that the physical supply deficit (now in its 6th year) remains a strong long-term bullish tailwind.
Tokenized Commodities: Interestingly, trading volume for tokenized Silver and Gold on-chain has surged by over 1,200%. Crypto traders are increasingly using "Digital Gold" as a hedge during this high-volatility period.
💡 Analyst Outlook
While the short-term trend is bearish, the "buy the dip" sentiment remains active. Support levels to watch:
Gold: $4,400 – $4,600 (Major psychological floor)
Silver: $70.00 (Critical industrial value support)
Pro Tip: Watch the Gold-to-Silver ratio. It has expanded back toward 90:1, which historically suggests Silver is becoming significantly undervalued compared to Gold.
#GoldUpdate #SilverCrash #BinanceSquare #PreciousMetals #cryptotrading $XAU
$XAG