Ryan Stancil,
Editor
Feb. 13, 2026
To get the kind of drama we’ve been seeing in the markets lately, you usually need to watch the latest streaming mega-hit or open up a copy of the latest New York Times bestseller.
But instead, traders have found themselves witnessing plenty of it, especially when it comes to commodities.
Let’s go back to just a year ago. Gold was sitting at just under $3000 per ounce. As 2025 went on, it climbed, moving just above $4300 in the days before Halloween. Then, it really took off to hit highs above $5300 at the end of January 2026.
Then February 2026 came, and traders despaired as the price fell close to those pre-Halloween levels. Many watching the gold markets thought the fun was over.
But suddenly, like a favorite character making their shocking return, the rumors of gold’s death were greatly exaggerated.
Prices recovered and it was back above $5000 in short order.
Silver saw a similar rise in prestige and eventual fall from grace, going from $30 per ounce to above $110 before falling to around $78. It too has been mounting a comeback.
So investors in these commodities have been experiencing all of the joy and the sorrow, especially over these past few weeks.
As can happen, some people were reactionary and pulled their investments to look for greener pastures while cursing the fact that they’d been burned. But some investors held strong, kept their positions or added to them, and then saw their instincts pay off as the recovery began.
This is something that always happens during commodity cycles, but this is different solely because of timelines.
Usually, these up-and-down cycles take weeks or even months to play out. Now, they’re happening in days, or even hours.
The year-long climb these commodities have been making has been spurred on in no small part by volatility from all sides. Geopolitics, trade wars, inflation, and looming potential conflicts all had traders looking for safe stores of value. Gold and silver did what they always do in those situations.
Then, Donald Trump naming a Fed Chair known for his hawkish views wiped out $15 trillion from the gold and silver markets. It was the proverbial plot twist that had everyone talking and many traders reassessing whether the sector was worth it.
And those same traders are now paying for their shortsightedness while the markets recover.
Like most things, context matters:
- We’re in a market where policy itself is fueling the rise of these safe haven metals.
- Despite the recent wipeout, the value of these commodities is still far higher than it was just a year ago.
- There is still plenty of volatility ahead. Just look at the debt situation in the US ($38 trillion, on course to hit $64 trillion within a decade with current policies.)
When you look at the commodity market through this kind of lens, it makes sense that some analysts still think gold and silver have much more room to run despite recent setbacks.
All of this is to say that now is absolutely not the time to write off gold and silver. What we’re seeing with these price pullbacks are higher floors on the way to higher ceilings.
When prices go down in this environment, it should be viewed as a buying opportunity, not a sign that it’s time to find another place to park your money.
Because with how quickly these shifts happen, those windows of opportunity won’t be open very long.
There’s one particular way to play the gold market that not many investors know about. The potential gains far outpace many others in the sector but you need to stake your claim sooner rather than later.
Learn the full story and exactly how to take action by clicking here.
Keep your eyes open,
Ryan Stancil
Editor, Daily Profit Cycle