Gold and silver are extending their rally today as momentum builds across the precious metals complex. By late morning in New York (around 11:42 AM ET), gold futures climbed to $5,226/oz, up about 1.0%, while silver futures surged to $91.42/oz, gaining roughly 3.7% on the session. (COMEX pricing, Feb 25, 2026)
Silver is once again outperforming, showing its higher-beta nature as traders lean into strength.
5 key drivers behind today’s move
1) Gold reclaiming upside momentum
After testing support near the $5,150 zone earlier this week, gold has re-accelerated higher. The move above $5,200 is reinforcing bullish technical sentiment and drawing in fresh momentum buyers.
2) Silver breaking further into the $90s
Silver’s push above $90 is significant psychologically and technically. Once prior resistance levels give way, follow-through buying often accelerates quickly — and that appears to be happening today.
3) Technical breakout flows
Both metals are benefiting from breakout-style trading. When prices clear recent highs, algorithmic and trend-following strategies often amplify upside moves.
4) Dollar and yield backdrop supportive
Intraday softness or stabilization in the U.S. dollar and real yields tends to improve the relative appeal of non-yielding assets like gold and silver. Even modest macro shifts can spark outsized reactions when positioning is active.
5) Momentum + positioning dynamics
With metals already in strong uptrends, traders are leaning into continuation rather than fading strength. Silver’s thinner liquidity makes it especially responsive to renewed buying pressure.
What to watch next (quick checklist)
- Whether gold holds above the $5,200 breakout zone
- If silver sustains momentum above $90–$91
- U.S. dollar direction into the close
- Treasury yield movement and real-rate expectations
- Signs of follow-through buying vs. late-day profit-taking
Bottom line
On Feb 25, 2026, gold and silver are pushing higher, with silver significantly outperforming. Today’s action reflects renewed technical momentum, breakout buying, and supportive macro crosscurrents — reinforcing the broader bullish trend rather than signaling exhaustion.
