Market Report
Learn more about all important trends in the precious metals markets in our market reports on a regular basis.
Where next for precious metal prices?
No. 08 | 02nd March 2026
Silver and gold prices could have further to fall, if history is a guide. The dramatic price rallies that ended in late January saw the silver price gain 72% in a month and 322% from the beginning of 2025, with gold up 30% and 115% over the same periods. After a sharp drop, the silver price rebounded and has pushed to a new high for February reaching the 50% retracement of the decline. Silver has underperformed gold which has retraced about 70% of its decline. Geopolitical risks have given a boost to precious metal prices but whether that is sustained once hostilities in the Gulf end may depend on what settlement is reached.
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