Gold & Silver Prices Climbing
Gold rebounded ~2–3.7 % from recent lows, lifting spot gold to roughly $4,770–$4,850/oz on Feb 3. �
The Financial Express +1
Silver showed an even stronger comeback, climbing ~6–11 % and reclaiming levels above $84–$85/oz after recent steep losses. �
The Financial Express +1
On India’s MCX, silver futures hit a 6 % upper circuit and gold jumped about 3 %, signalling strong buying interest after days of selling. �
mint
📊 ETF Bounce
Precious metal ETFs also rebounded up to ~10 % after a massive crash in recent sessions, supporting optimism among investors. �
Moneycontrol
🌏 Broader Market Moves
Asian markets and commodities are also stabilizing, with metals reversing earlier slides as volatility calms. �
Reuters
Value buyers stepped in after multi-day declines, especially in silver prices. �
Moneycontrol
📊 Why the Rebound Is Happening
1️⃣ Forced Liquidation & Value Buying
After a sharp sell-off last week that saw dramatic drops in both metals, many traders hit technical support levels — prompting dip buying and forced position covering. �
The Financial Express
2️⃣ Macro Forces at Play
Dovish Fed expectations and hopes for future rate cuts still support safe-haven assets. �
Reuters
A weakening U.S. dollar increases appeal for gold and silver priced in USD. �
Prosper Trading Academy
3️⃣ Commodities Rotation
Broader commodities are regaining footing after temporary panic selling; metals often rebound fastest after exaggerated drawdowns. �
Reuters
📉 Market Impact – Illustrated Chart
Here’s a visual of the price rebound trend following the recent slump (illustrative example searching online):
Search this to view a current market chart 👇
🔍 “Gold silver price rebound chart Feb 3 2026 COMEX spot gold silver”
📈 Typical Pattern:
Sharp drop → deeper support tested → strong bounce
Silver rebounds stronger than gold due to higher volatility + industrial demand
Gold often leads in safe-haven rebounds
(You can find live charts using financial websites like TradingView or commodity platforms.)
📌 What This Means for Investors
🔹 Short-Term
Rebound often signals short covering and technical recovery — not necessarily a long-term trend turn yet.
High volatility remains — prices could retrace again if macro sentiment shifts. �
mint
🔹 Medium-Term
Many analysts see support at key levels — gold above ~$4,400 and silver above ~$65/oz — which could form bases for future rallies. �
The Economic Times
🔹 Long-Term
Safe-haven demand remains strong due to geopolitics, inflation concerns, and central bank gold buying. �
Prosper Trading Academy
🧠 Quick Snapshot
Metric
Rebound Today
Gold
+~2–5 % from recent lows �
The Financial Express
Silver
+~6–11 % rebound �
FX Leaders
ETFs
Up to ~10 % bounce �
Moneycontrol
Investor Behavior
Value buying, dip buyers returning �
Moneycontrol
