Gold & Silver Shakeout: Momentum Meets Reality
Early February saw $XAU Gold whipsaw violently, sliding toward the $4,400 zone before snapping back above $4,950 by Feb 6. The correction followed January’s parabolic surge to nearly $5,600 — a reminder that overheated momentum often invites ruthless profit-taking.
Silver’s ride was even wilder: plunging near $64 in the sell-off, then rebounding hard, though still far below its $121 peak. Meanwhile, physical tightness is undeniable — London silver lease rates spiked to ~6.3%, underscoring supply stress.
Analysts remain split: some expect consolidation in safe-haven flows, while others project gold averaging closer to $6,000 through 2026.