Key highlights:
- The gold price and the silver price both took a sharp hit as liquidity started drying up across global markets.
- Key support levels are now in focus, especially after metals didn’t act like the usual safe haven this time.
- Both gold and silver slipped below some key support levels, which makes it look like traders are pulling back.
Gold and Silver both turned sharply lower today, and it wasn’t subtle. On the daily chart, things already looked heavy, but once you zoom into the lower timeframes, the move becomes a lot more dramatic.
Market commentator 0xNobler jumped on the drop quickly, calling it part of a massive $2.5 trillion repositioning across global markets. His take is that this wasn’t just a random metals dip, it was a liquidity-driven shock that hit multiple asset classes at once.
And looking at the chart, it’s easy to see why people are paying attention.
The chart looks like a trapdoor opened
Silver had been chopping around the $75 area, moving sideways in a pretty normal range. Then out of nowhere, the price just fell straight down toward $73 in one candle.
That kind of move doesn’t usually happen because investors calmly change their mind. It looks more like forced selling, stops getting hit, liquidity thinning out, and traders rushing to reduce exposure.
🚨 GOLD & SILVER ARE CRASHING
$2.5 trillion wiped out in the last 30 minutes.
Why is this happening?
Because the de-dollarization narrative is OVER.
Now is a rare opportunity to build generational wealth.
If you’re still in the market today, you MUST know what’s coming next:… pic.twitter.com/JGkpMaQUnf
— 0xNobler (@CryptoNobler) February 17, 2026
Gold followed almost the exact same script. The gold price was holding near $4,950 before dropping quickly toward $4,900. The candles are steep, vertical, and fast, which is usually what you see during a liquidation-style moment, not a healthy correction.
Both metals did try to bounce afterward, but the rebound looks hesitant so far. It’s not a clean recovery yet. One of the biggest points here is that gold and silver don’t always act like protection when markets get stressed.
0xNobler points to rising Treasury issuance and weak bond demand pushing yields higher. That matters because higher yields make non-yielding assets like gold and silver less attractive in the short term.
The Gold and Silver levels that matter from here
After a move like this, the story isn’t about headlines. It’s about what price does next. For the silver price, the $73 area is now the key support zone. Buyers stepped in there after the flush, so if that level breaks, downside opens up quickly.
For the gold price, the big level is around $4,900. That’s where price caught itself, but gold hasn’t reclaimed the breakdown zone above $4,930–$4,950 yet. Until it does, this move still has a “risk-off” feel.
CoinCodex’s 1-month gold price forecast places gold near $4,881.79, pointing to a steadier phase after the sharp selloff.
Meanwhile, the 1-month silver price outlook has silver hovering around $52.63, hinting that both metals may spend the near term stabilizing rather than ripping straight back higher.
What this gold and silver drop might really be about
Moves like this don’t happen because one narrative suddenly died. They usually happen because positioning was crowded, liquidity was thin, and macro pressure hit all at once.
The gold price and the silver price still matter as long-term macro assets, but in the short term, they trade like everything else: flows, yields, and fear drive the action.
The next few sessions will tell the real story. Either this was a sharp shakeout before stabilization, or it’s the first sign of a deeper unwind. For now, the chart message is simple: volatility is back, and metals aren’t immune when liquidity tightens.
Source:: Here’s Why Gold and Silver Prices Suddenly Dipped Again