Monthly market reports
Monthly reports on gold and silver. What moved prices, where they might go, and what it means if you're buying. Each report is available as a PDF.
2026
Gold monthly: February 2026
Gold survived its worst day in 40 years, recovered every penny, and closed February up 7.5% as US-Israel strikes on Iran closed the Strait of Hormuz. Here's what happened and what comes next.
Silver monthly: February 2026
Silver crashed twice in February - falling from $121 to $64 - then clawed back to close near $93. The thrifting threat is now real, the Strait of Hormuz is closed, and the structural deficit continues. Here's what it means for silver investors.
Gold monthly: January 2026
Gold's historic rally continues with prices breaching $5,500. Our January analysis examines the drivers, risks, and what to watch as we enter a pivotal year for precious metals.
Silver monthly: January 2026
Silver broke $100 and hit $120/oz in January 2026. We explain what's driving the rally, the China export ban, and how UK investors can navigate VAT and volatility.
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