What did the silver buyers this morning know and when did they know it?

I have been studying the price charts as a technical chart analyst for over 30 years. The price tells all and everything is in the price.

This morning at 8:30 AM EST the Gross Domestic Product (GDP) number for the 4^th quarter of last year was released and was +1.4% and below expectations and the FED’s favorite inflation gauge the Personal Consumption Expenditures Price Index (PCE) came in at +.04% for January 2026 and 3.0% for the year both for the core (less food and energy) and above expectations.

What happened at 7:58 AM EST 32 minutes before these numbers were released? Silver dramatically increased above its 50-day moving average where it had been languishing below all week. Hmmm.

This past week gold was up 1.3% staying well above its 50-day and 200-day moving averages. Interestingly, on February 2, 2026, it traded briefly below its 50-day moving average, then reversed and traded significantly above it, and has stayed there since. Silver was up 9.5% and has now crossed to the upside of its 50-day moving average and is well above its 200-day moving average, and the Dow Jones Industrial Average (DJIA) was up .25% staying well above its 50-day and 200-day moving averages and earlier this month reverted to near its 50-day moving average and then moved higher.

Until next time…

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