Overview
- Silver rose about 7% to $82.45 on Monday after touching $83.47, while gold climbed roughly 2% to $5,080, recouping part of recent losses but still below record highs.
- The late‑January collapse followed record peaks for both metals and was linked to repeated CME margin increases, a stronger dollar and hawkish expectations after President Trump named Kevin Warsh to lead the Federal Reserve.
- Silver ETFs fell about 38% from a January 29 peak over seven trading sessions as forced unwinds and profit‑taking hit a thinly liquid market, before prices stabilized in the $70s–$80s.
- Analysts describe a consolidation phase with scope for renewed gains; ANZ cites reasserted long‑term bullish views, while others warn of continued two‑way volatility, and technicians flag key gold levels around $5,000–$5,100.
- Longer‑term cases remain supportive for gold on central‑bank buying and safe‑haven demand, while experts view $200 silver in 2026 as a low‑probability outcome absent extraordinary shocks, urging cautious, sized exposure and diversification with gold.