Market Summary - Silver and Gold Performance
On February 18, 2026, precious metals experienced a notable surge, with silver prices increasing by over 4% and gold rising by 1.6%. This upward movement occurred despite a strengthening US dollar, which typically exerts downward pressure on commodity prices.
Current Market Conditions
Silver is currently trading between its 50- and 200-session exponential moving averages. Analysts suggest that a breakout above the USD 82 per ounce mark could lead to further gains and a more sustained positive market sentiment.
Gold is approaching a critical resistance level at USD 5,000 per ounce. A decisive break above this threshold could signal a shift in market sentiment and trigger renewed buying activity.
Technical Analysis
Recent trends indicate that gold has rebounded twice after dipping below its 50-session exponential moving average (EMA50), which has served as a strong support level since August. This pattern suggests a potential for continued upward momentum in the gold market.
Geopolitical Factors
Market dynamics are also influenced by geopolitical tensions, particularly between the US and Iran, which have contributed to fluctuations in oil prices and overall market sentiment.
Conclusion
The current performance of silver and gold highlights the complexities of the commodities market, where various factors, including currency strength and geopolitical risks, play significant roles in price movements. Investors should remain vigilant and consider these elements when making trading decisions.