Precious Metals Break Out as Gold and Silver Reclaim February Highs
The precious metals market is witnessing a decisive resurgence, with both gold and silver pushing back toward their February peaks and confirming strong upside momentum.
According to the latest data (February 20):
Spot gold has surged above the $5,040 per ounce level, gaining 0.88% on the day.
$XAU USDT Perp
5,035.07
+0.55%
🔹 Spot silver has also delivered a powerful breakout, reclaiming the $81 per ounce mark with a 3.23% daily increase — its highest level since February 12.
$XAG USDT Perp
80.68
+2.33%
The synchronized strength in gold and silver suggests renewed defensive positioning and potential macro capital rotation. Historically, sustained upside in precious metals can reflect risk-adjustment behavior across broader markets, including crypto.
Traders should closely monitor correlations, liquidity flows, and Bitcoin dominance to assess whether this signals temporary hedging activity or a broader shift in risk appetite.
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