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Gold and silver extend losses as key support levels hold
Precious metals continued their sharp retreat today, with both gold and silver failing to reclaim critical technical levels that had previously served as support, triggering further liquidation in an already fragile market environment. The renewed weakness underscores the severity of the technical damage inflicted during last Friday's historic sell-off and raises questions about the sustainability of what had been the most powerful bull runs in metals history. As highlighted in our previous analysis, the inability of silver to regain the $90/oz threshold and gold's failure to recapture the $5,000/oz level represented ... (full story)
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Gold and silver markets remain stuck in volatile, two-way trade after January delivered record price swings across precious metals. While sharp end-of-month sell-offs produced classic reversal signals on higher timeframes, history suggests such patterns can lose potency following extreme volatility. With price action now marked by whipsaws and fading ...
From fxstreet.com | Feb 6, 2026
Gold and silver’s recent plunge was not a verdict on their role as safe havens. It was a classic deleveraging episode that unfolded within the leveraged layer of the market rather than a structural breakdown in precious metals fundamentals. What looked like a collapse in confidence was in reality a rapid reset driven by volatility, margin dynamics and ...
From dailyforex.com | Feb 6, 2026
The gold market has plunged initially during the trading session on Thursday, but it looks like the $4,800 level is in fact trying to hold things together. The $5,000 level continues to be very difficult to break above from a longer-term perspective. Ultimately, you have to look at this as a market that is simply trying to find its footing. Because of this, ...
