Gold and Silver Market Update (February 14, 2026)
Today's gold and silver prices have remained stagnant, with no significant changes in value. The gold spot price is currently at $5041.20, while the silver spot price sits at $577.32.
Technical Analysis
Gold (XAU)
| Metal | Price (USD) | Change | % Change | Day High | Day Low |
|---|---|---|---|---|---|
| Gold (XAU) | 5041.20 | 0.00 | 0.00% | 5091.61 | 4990.79 |
The gold price has been trading in a narrow range, with the day high and low barely exceeding $10 per ounce. The Relative Strength Index (RSI) is hovering around 50, indicating a neutral trend. However, we note that gold prices have been stuck below key resistance at $5100 since January 2026. A close above this level could signal a resurgence in bullion buying.
Silver (XAG)
| Metal | Price (USD) | Change | % Change | Day High | Day Low |
|---|---|---|---|---|---|
| Silver (XAG) | 577.32 | 0.00 | 0.00% | 583.09 | 571.55 |
The silver price is showing a similar lack of momentum, with prices stuck within a tight range. The RSI for silver is also around 50, suggesting a neutral trend. However, we observe that the day high and low are slightly higher than the previous session's highs and lows, indicating some degree of bullish pressure.
Macro Analysis
Gold prices have been influenced by the recent interest rate decisions from major central banks. The Federal Reserve has kept rates on hold, while the European Central Bank hinted at further easing measures to combat slowing economic growth. This has led to a decrease in yields, making gold more attractive as a safe-haven asset.
Meanwhile, the ongoing inflation debate continues to impact silver prices. As global economies slow down, industrial demand for silver is expected to decline. However, silver's use cases in renewable energy and electric vehicles may mitigate some of this impact.
Trading Bias
We maintain a HOLD on gold as it struggles to break above key resistance levels. While the neutral trend suggests no clear direction, we believe that gold prices are due for a correction lower given its overbought conditions in January 2026.
For silver, our bias is also HOLD, as the lack of momentum and relatively high RSI value suggest that prices may be due for a pullback. However, we acknowledge that some degree of bullish pressure exists, warranting caution against short positions.
Key Support and Resistance Levels
Gold: Key support at $5000 (50-day moving average), while key resistance remains at $5100.
Silver: Key support at $570 (20-day moving average), with key resistance at $590.
Actionable Insights and Risk Management Reminders
Investors should remain cautious of the current market conditions, which have resulted in stagnant prices. As the global economy continues to navigate slowdowns, a significant shift in investor sentiment is needed for gold and silver prices to break out.
Risk management remains crucial, as prices can fluctuate rapidly in response to changes in central bank expectations or inflation data releases. We advise investors to maintain exposure to both metals through diversified positions and rebalance portfolios accordingly.
Investors should also be aware of the potential for a short-term correction in gold prices if the resistance at $5100 is broken. Similarly, silver prices may decline if industrial demand continues to slow down.
In conclusion, while our trading bias remains neutral on both metals, we believe that caution is warranted given the stagnant price action and uncertainty surrounding future market developments.
By Malik Abualzait
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