Gold and silver prices are consolidating after a phenomenal rally
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News1818-02-2026, 14:35

Gold, Silver Prices Rebound: Is It Time To Buy After Consolidation?

  • Gold and silver prices rebounded on Wednesday after a continuous slide, with MCX gold futures up 1.22% and silver futures up 3.48%.
  • Aksha Kamboj (IBJA) notes gold is still trading high, indicating a pause in the trend rather than a reversal.
  • Ross Maxwell (VT Markets) views gold's pullback as short-term profit-taking, not a structural shift in bullish momentum.
  • Medium-term outlook suggests gold could regain bullish momentum and reach record highs if macro drivers remain favorable.
  • Silver's price drop is more severe due to higher volatility, but intense corrections often attract buyers once markets stabilize.

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