On evaluating the movement of on different time chart patterns, I observe that despite elevated anxiety levels on the outcome of the meeting between President Trump and Netanyahu, announcement of a strong jobs report on Wednesday, the futures could remain range-bound until the inauguration of this meeting ended without any definite outcome.
Israeli P.M.’s latest visit was just days after U.S. and Iranian officials held indirect talks in Oman aimed at diverting a military confrontation that could spill into the wider Middle East region.
While Arab leaders have largely advocated for de-escalation, Netanyahu has repeatedly called for further military action against Iran.
On Thursday, weekly jobless claims ticked higher, while the consumer price index inflation data for January is due on Friday, gold and silver futures experienced a steep fall as discussed in my previous .
On Friday, despite some bounce after finding support above the 20 EMA ($4,916), gold futures are constantly facing showing strong resistance at the 9 EMA ($4,985), while the silver futures are trading in bearish territory as finding it difficult to sustain at the 50 EMA ($75.644) support could also start sliding downward as the selling spree could extend further today, if the U.S. Core Consumer Price Index, latter in the day doesn’t match the acceptations.
Undoubtedly, bearish sentiment is prevailing in precious metals as U.S. President Donald Trump could continue to extend this deal with Iran up to Feb. 19, 2026, to avoid any contradiction among the member states of the US-led Board of Peace before its inaugural day on Feb.19, which will be chaired by U.S. President Donald Trump.
On the other hand, most of the Middle East nations have already joined this ‘Board of Peace’ to resolve global geopolitical issues, and could stray from their path in case of any attack on Iran, as most of them favor Iran’s efforts to defend its sovereignty.
I observed that the deal to compel Iran to limit its Ballistic Missiles program and its diplomatic relations with neighboring countries would likely be postponed for an indefinite period by the US once President Trump starts managing the affairs of this ‘Board of Peace’ successfully.
I find that the gold and silver futures could experience volatility up to Feb. 19, 2026, while the overall trend will remain bearish as the easing on the US-Iran front could weigh upon the safe-haven demand.
Technically, both gold and silver futures are trading at a pivotal point from where a fall could test the lows seen on Feb.2, 2026, where a breakdown could accelerate the selling spree this month.
However, the spot gold and silver ratio () is holding above a pivotal point at 64, and looks ready to move upward after completing the bullish engulfing in today’s session; having an inverse correlation with gold and silver futures, its upward reversal could trigger a selling spree in gold and silver futures.
In conclusion, I find that finally the closing levels of both the precious metal futures this week definitely provide some cues on the further directional trend for the next week.
Disclaimer: Readers are advised to take any position in gold and silver at their own risk, as this analysis is based only on observations.
