NYSE:SLV 5 February 2026 - 19 March 2026

Gold took a sharp dive Tuesday, losing 5.6% to $5,029.59 an ounce, while silver dropped even harder—down 11.2% to $79.42. The selloff followed a stronger dollar and rising bond yields, despite the persistent tensions from the Iran conflict. Platinum and palladium didn’t escape the pressure either, both finishing lower. “The move lower in gold appears to be driven by a flight to liquidity,” said Bob Haberkorn, senior market strategist at RJO Futures. The timing is crucial here: the oil-and-gas shock is pushing inflation jitters right back onto the radar, reshaping the outlook on rates yet again. Traders have pared back expectations for quick Fed easing, with markets now pushing full pricing of a rate cut out to September. “Investors are basically going back to the 2022 energy-shock template,” said Rohan Khanna, head of euro rates strategy at Barclays.