Gold prices rebound to $5K while silver jumps following whipsaw trading

Gold prices have clawed back above the $5,000 per ounce mark this week after a wild stretch of whipsaw trading, and silver has punched higher following steep swings in early February 2026. Spot gold climbed about 0.9 % to roughly $5,004.61/oz on February 9, buoyed by a softer U.S. dollar and fresh investor interest in safe‑haven assets. Meanwhile, silver has rebounded sharply from recent lows, rising toward the $80+ range after dramatic drops last week.