Gold and silver are diverging today as precious metals consolidate near elevated levels. By late morning in New York (around 11:37 AM ET), gold futures slipped to $5,162.70/oz, down about 1.2%, while silver futures rose to $88.35/oz, gaining roughly 1.3% on the session. (COMEX pricing, Feb 24, 2026)
5 key drivers behind today’s move
1) Gold cooling after testing record highs
Gold opened higher but pulled back after trading near recent highs above $5,200. Today’s move appears to reflect profit-taking and short-term consolidation, rather than a structural shift in the broader trend.
2) Silver attracting dip-buying interest
Silver is showing relative strength, rebounding toward the high-$80s as buyers step in following recent volatility. Its ability to hold above prior breakout levels is helping stabilize sentiment.
3) Positioning reset after strong upside momentum
Both metals have experienced significant momentum in recent weeks. Today’s divergence suggests a rebalancing of positions, with traders selectively rotating between gold and silver rather than exiting the sector entirely.
4) Dollar and yield crosscurrents
Intraday movements in the U.S. dollar and Treasury yields continue to influence metals pricing. A firm dollar can pressure gold, while softer yield expectations tend to support silver’s higher-beta characteristics.
5) Technical levels in focus
Gold’s behavior around the $5,150–$5,200 zone is being closely watched, while silver’s hold above the mid-$80s remains constructive. These levels could determine whether consolidation continues or momentum re-accelerates.
What to watch next (quick checklist)
- Whether gold stabilizes near the $5,150 support area
- If silver can maintain strength in the high-$80s
- U.S. dollar direction into the afternoon
- Treasury yield movement and real-rate expectations
- Signs of renewed upside momentum vs. continued consolidation
Bottom line
On Feb 24, 2026, gold is consolidating after recent highs while silver shows relative strength. Today’s action reflects profit-taking in gold, selective buying in silver, and ongoing sensitivity to positioning, technical levels, and macro crosscurrents
