Precious Metals Find A Floor After Brutal Overnight Liquidation

2026-02-03 - 09:15

Key Points Gold extended the selloff through February 2, then bounced from a fresh low near $4,665 to about $4,915. Silver broke far below the levels that held over the weekend, hit approximately $79.68, then recovered to roughly $86.24. The tape still looks mechanical, with forced deleveraging, stop cascades, and thin liquidity driving violent swings.