Gold 
“Silver prices spent much of the first half of February consolidating above $72, following the sharp decline from record high levels at the end of January. There was an uptick in silver prices toward the end of February, with silver settling at $93.29 on 27 February, the final trading day of the month.
Silver’s recovery during February was muted compared to that of gold. Gold’s settlement price at the end of February was only 1% below its record high settlement price. Meanwhile, silver ended February 20% below its record settlement price. This relative underperformance is not too surprising. Historically, silver has struggled to sustain sharp breakouts following rapid advances to record levels, and investors appeared cautious after January’s surge. That said, silver’s ability to hold above $70 helped rebuild confidence, allowing prices to grind higher into month-end. These price levels need to be put in perspective, however. Silver above $70 was unprecedented before December 2025 and silver’s ability to stay above these levels and rise speaks volumes about the positive fundamentals as well as positive investor sentiment toward the metal.”
The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, www.cpmgroup.com
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