Market Report

Learn more about all important trends in the precious metals markets in our market reports on a regular basis.

Heraeus Precious Appraisal

Metals have entered a markedly higher-volatility regime

No. 05 | 09th February 2026

Precious metals experienced notable volatility, with several showing sharper‑than‑usual short‑term percentage swings.

Silver, in particular, demonstrated heightened volatility, posting one of the strongest short‑term moves among major metals—an indication of active trading and shifting investor sentiment.

Gold also saw meaningful fluctuations, reflecting its sensitivity to macroeconomic cues even when its overall movement remained comparatively moderate.

Platinum and palladium displayed smaller but still noticeable variations, contributing to an overall environment of increased short‑term instability across the precious‑metals complex.

Taken together, these shifts point to a period marked by broader market uncertainty, driving sharper price reactions across the full range of precious metals.

A comprehensive analysis of these developments is provided in our weekly appraisal; we encourage you to review the full report to ensure you remain fully informed.

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