It felt like the market went quiet… and then someone slammed a door.
Gold just pushed up into the $4,910/oz area, and you could almost see traders holding their breath as price snapped around in thin liquidity.
And silver? Silver didn’t tiptoe — it jumped about 7%, the kind of move that makes you double-check your screen like, “Did I miss a headline?”
What makes this hit harder is context: gold is still moving like it’s carrying momentum from the late-January peak around $5,594.82, so every macro nudge gets amplified.
Plus, silver has a real squeeze-y backdrop — the Silver Institute is still talking about a 6th straight annual deficit (~67M oz) in 2026, even with supply projected near ~1.05B oz.
Bottom line: when gold is flirting with $4.9k and silver can sprint 7% in a day, you’re not watching “boring metals” — you’re watching stress leak out of the system in real time.