#GoldSilverRebound This is a **major developing story today, February 3, 2026**.
If you are tracking `#GoldSilverRebound`, you are witnessing a sharp volatility event. After a historic crash over the weekend and Monday (wiping out nearly 10-20% of value in days), both metals are staging a significant recovery today.
Here is the market snapshot as of **February 3, 2026**:
### 1. Market Snapshot (The Rebound)
Prices have bounced aggressively from yesterday's lows, but volatility remains extreme.
* **Gold (XAU/USD):** Trading near **$4,800 - $4,900/oz**.
* *Movement:* Up roughly **+2% to +3%** today.
* *Context:* It had crashed from a peak near $5,600 down to ~$4,400 lows earlier this week.
* **Silver (XAG/USD):** Trading near **$81.00 - $84.00/oz**.
* *Movement:* Up roughly **+6% to +9%** today.
* *Context:* This is a partial recovery after a massive collapse from its record high of ~$121 last week.
* **MCX (India) Rates:**
* **Gold:** Reclaimed levels near **₹1,48,300** per 10g.
* **Silver:** Jumped back above **₹2,50,000** per kg.
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### 2. Why is this happening?
The "Rebound" you are seeing is driven by three main factors:
* **The "Warsh" Shock Digestion:** The initial panic selling was triggered by President Trump’s nomination of **Kevin Warsh** as Fed Chair. Markets viewed him as "hawkish" (likely to keep interest rates higher), which strengthens the Dollar and hurts Gold. Today, the initial shock is fading, and buyers are stepping in at lower prices.
* **Oversold Conditions:** The selling was so intense (margin calls forced traders to sell everything) that the prices fell *too* fast. Technical traders are now buying the dip, banking on the long-term bull trend still being intact.
* **Short Covering:** Traders who bet against Gold/Silver (short sellers) are closing their positions to lock in profits, which naturally drives the price back up.
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### 3. Critical Levels to Watch
This rebound is fragile. Analysts are divided on whether this is a return to the bull market or a "Dead Cat Bounce" (a temporary recovery before falling further).
* **Gold Support:** Must hold above **$4,450**. If it breaks below this, the crash continues.
* **Gold Resistance:** Needs to break back above **$5,000** to confirm the uptrend is safe.
* **Silver Risk:** Silver is far more volatile. A move below **$71** would be disastrous; it needs to stabilize above **$85-$90** to regain trust.
### Next Step
Would you like me to generate a **technical support/resistance table** for the rest of the week, or look up the latest **Gold ETF inflows/outflows** to see if big institutions are buying this dip?#GoldSilverRebound $ETH
