Today's Metals Market Overview
Gold and silver prices remain unchanged on February 13, 2026, with gold trading at $4,951.00 per ounce and silver at $577.31 per ounce. The lack of movement in both metals is a reflection of the current market environment, where investors are waiting for clear direction from macroeconomic indicators and central bank actions.
Gold (XAU) Analysis
Technical Analysis
The gold price has been hovering around the $4,900 level for several sessions, with no significant breakouts or reversals. The Relative Strength Index (RSI) is currently at 50, indicating a neutral sentiment in the market. However, we note that the gold price has been trending upwards since January, forming a series of higher lows.
Key Support and Resistance Levels
| Price | Support/Resistance |
|---|---|
| $4,900 | Key support level |
| $5,000 | Recent high |
Macro Analysis
The lack of movement in gold prices can be attributed to the current market environment, where inflation expectations are stable, and interest rates remain low. The US Federal Reserve's recent statement hinted at a possible pause in rate hikes, which has led to a brief increase in risk appetite.
However, we also note that central banks around the world have been reducing their gold reserves in recent months, which could be a negative sign for the metal. Additionally, the strength of the US dollar is still weighing on gold prices, as it makes the metal more expensive for foreign buyers.
Short-Term Trading Bias
We recommend a Hold position for gold, as we believe that the current market environment is too uncertain to make a clear directional call. The lack of movement in gold prices suggests that investors are waiting for clearer direction from macroeconomic indicators and central bank actions.
Silver (XAG) Analysis
Technical Analysis
The silver price has also been trading sideways, with no significant breakouts or reversals. However, we note that the RSI is slightly higher than that of gold, indicating a slight bullish sentiment in the market.
Key Support and Resistance Levels
| Price | Support/Resistance |
|---|---|
| $570 | Key support level |
| $590 | Recent high |
Macro Analysis
The lack of movement in silver prices can be attributed to the same factors that are affecting gold, including stable inflation expectations and low interest rates. However, we also note that the strength of the US dollar is having a more pronounced effect on silver prices, as it makes the metal more expensive for foreign buyers.
Short-Term Trading Bias
We recommend a Sell position for silver, as we believe that the current market environment is too uncertain to make a clear directional call. The slight bullish sentiment in the market may not be enough to overcome the negative effects of the strong US dollar on silver prices.
Actionable Insights and Risk Management Reminders
Investors should remain cautious and wait for clearer direction from macroeconomic indicators and central bank actions before making any significant moves in either gold or silver markets. The lack of movement in both metals suggests that investors are waiting for a catalyst to make a directional call, which could lead to sudden price movements.
We recommend maintaining a flexible trading strategy and being prepared to adapt to changing market conditions. It is also essential to monitor key support and resistance levels closely, as these can serve as important indicators of future price movements.
In conclusion, while both gold and silver prices remain unchanged on February 13, 2026, we believe that the current market environment is too uncertain to make a clear directional call. We recommend maintaining a Hold position for gold and a Sell position for silver, with a focus on monitoring key support and resistance levels closely.
| Metal | Price (USD) | Change | % Change | Day High | Day Low |
|---|---|---|---|---|---|
| Gold (XAU) | 4951.00 | 0.00 | 0.00% | 5000.51 | 4901.49 |
| Silver (XAG) | 577.31 | 0.00 | 0.00% | 583.08 | 571.54 |
By Malik Abualzait
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