Previous robust thread:

                silver                        

                91 responses |               

                Started by cutworm - Dec. 19, 2025, 8:51 a.m.    

        https://www.marketforum.com/forum/topic/116644/

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                Re: Re: Re: Re: silver            

                    By metmike - Feb. 6, 2026, 8:49 a.m.            

            Silver broke thru overnight and spiked down but has reversed back up today. Now just barely above it. Powerful sign of a potential low if we have a solid close higher/above this level today. Incredible volatility.

https://tradingeconomics.com/commodity/silver

Gold on the other hand has not suffered nearly as much with the recent historic correct as silver.  While silver spiked to new lows overnight, gold easily held the recent low and is looking BULLISH again on the price charts. Even breaking above a downtrend line from the highs, then 2nd lower highs and potentially establishing a new uptrend based on last nights HIGHER lows. 

This could be an upside break out of a symmetrical triangle/wedge chart formation(higher lows + lower highs).

Regardless, after silver outperformed gold in 2025 by a wide margin, its been the opposite extreme after this historical top in both metals. 

Silver down from 120 to 75(which is almost a 38% drop) but gold only down from 5500+ to just below 5000(11% drop). 

https://tradingeconomics.com/commodity/gold

5000 could be some resistance? Then just below 5100/recent high.  Above that, then it's clear sailing up close to the old highs. Looking sooo much more bullish/less bearish than silver. The magnitude of this divergence is NOT going to continue, maybe just a temporary thing from silver being so overdone and having less open interest when specs covered.

For instance, March silver has 80,500 contracts of open interest but April gold has almost 281,000, more than 3 times that amount.