Gold and silver are both pushing higher today, moving above and away from their key short-term moving averages. Of the two, gold is showing the stronger technical profile.
Gold reclaimed its 100-hour moving average last Wednesday and, importantly, has held above it since. Friday’s trade brought renewed upside momentum, and that strength has extended into today’s session. The rally has now carried price beyond the 50% retracement of the decline from the all-time high at $5,000.40, and more recently above the 61.8% retracement at $5,141.61.
Holding above that 61.8% level keeps buyers firmly in control. The next upside target comes in near $5,235.40, a swing area from January 28–30. A break above that level would open the door for a broader push higher and reinforce the bullish tone.
Silver has followed a similar path, though with slightly less conviction. From February 18 through February 20, price traded in a tight range around its 100- and 200-hour moving averages, signaling indecision. On February 20, buyers gained traction, pushing price toward the 38.2% retracement at $86.04, a level that also aligns with a February 11 high — increasing its technical importance.
Today, silver briefly dipped to $84.56, but has since recovered and is trading back above the 38.2% level near $86.74. Staying above that retracement would shift focus toward the 50% midpoint near $92.84.
In contrast, Bitcoin is not attracting safe-haven flows. Over the weekend, price broke below its 100- and 200-hour moving averages near $67,600 and extended lower
