---
title: "Gold, silver surged, but why couldn't they hold on"
description: "Gold and silver prices surged to all-time highs recently, with gold nearing $5,600 and silver exceeding $121 per ounce. However, a dramatic reversal followed, with gold plummeting 16% to just above $4"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276470701.md"
published_at: "2026-02-20T17:47:17.000Z"
---

# Gold, silver surged, but why couldn't they hold on

> Gold and silver prices surged to all-time highs recently, with gold nearing $5,600 and silver exceeding $121 per ounce. However, a dramatic reversal followed, with gold plummeting 16% to just above $4,680 and silver losing 40% of its value in a matter of hours. The decline continued into the following week, with gold dropping further to $4,400.

Towards the end of last month, gold and silver soared to fresh all-time highs. Gold came within a couple of bucks of $5,600 while silver topped above $121 per ounce. The final upside moves were extraordinary, representing unprecedented parabolic blow-off tops, bigger than those that, in hindsight, marked the multi-year peaks in both metals from back in 2011. And this time round, the subsequent reversal was even more horrific. From its new record high, gold fell to a low just above $4,680, a drop of 16% in a day. Never to be outdone, silver gave back 40% of its value over the same few hours. That was on a Friday. On Monday, the pain continued. Gold fell to $4,400, for…

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|-------|-------------|-----|
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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.