Gold and silver are easing modestly today as the market cools after recent upside momentum. By late morning in New York (around 10:54 AM ET), gold futures are trading near $5,095/oz, down roughly 0.07%, while silver futures are around $82.80/oz, lower by about 1.3%, as traders consolidate gains from earlier in the week. (COMEX pricing, Feb 12, 2026)
5 key drivers behind today’s move
1) Mild profit-taking after recent strength
Following multiple strong sessions, some traders are locking in gains. The pullback is relatively shallow compared to recent advances, suggesting consolidation rather than a broader trend reversal.
2) Silver’s higher beta showing again
Silver’s sharper 1%+ decline compared to gold’s near-flat move highlights its tendency to exaggerate short-term swings. After reclaiming the low-to-mid $80s, silver is seeing more active repositioning.
3) Consolidation near psychological resistance
Gold is hovering just below the $5,100 level — a key psychological zone — while silver is stabilizing in the low-$80s. Markets often pause near round-number levels as traders reassess momentum.
4) Stable yields and dollar limiting upside
Treasury yields and the U.S. dollar appear relatively steady today. Without fresh macro tailwinds (such as falling yields or a weaker dollar), metals are seeing light cooling rather than continued acceleration.
5) Technical levels holding firm
Despite the pullback, gold remains above the $5,050 support area, and silver continues to hold above the $81–$82 zone. These levels remain technically constructive unless broken decisively.
What to watch next (quick checklist)
- Whether gold can reclaim and hold above $5,100
- If silver stabilizes above the $81–$82 support band
- U.S. dollar direction through the afternoon
- Treasury yield movement and real-rate expectations
- Signs of renewed upside momentum vs. extended consolidation
Bottom line
On Feb 12, 2026, gold and silver are modestly lower as traders digest recent gains and reposition near key psychological levels. Today’s move reflects consolidation and profit-taking — not a breakdown in trend — with technical support levels still intact heading into the afternoon session.
