Gold, silver are volatile
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Gold and silver prices rebounded after suffering a historic selloff, with analysts suggesting that the recent violent correction was more a positioning reset.
Silver prices crashed 31% Friday, their second worst day on record. February silver futures, which ended Thursday at more than $114 a troy ounce, settled Friday at $78.29. Friday's $35.747-an-ounce drop was about the price of an ounce as recently as June.
U.S. stock futures fell Sunday, after a weekend slide by bitcoin and Friday’s massive sell-off in precious metals capped a tumultuous first month of 2026.
Despite a sharp selloff on Friday, gold and silver prices have risen quite a bit in the past few months, as have other commodities such as copper, but what is behind that? Gold and silver have been in the spotlight the past few weeks as prices pumped to record highs.
Wall Street is still forecasting gains for metals despite the sharp selloff.
Silver squeeze intensifies as inventory coverage falls to 14%. Futures surge past $117 amid record physical demand.
However, after Goldman Sacks issued a surprise 2026 crypto prediction, JPMorgan has called the silver price top, alongside a huge gold and bitcoin price prediction.
The COMEX silver price today opened with a big upside and touched an intraday high of $84.085 /oz within a few minutes of the Opening Bell