OK – let’s dig into the precious metals data for February 2026. The month brought some interesting twists and turns for both gold and silver. As always, these spot prices were captured weekdays at 8 p.m. ET, expressed in Canadian dollars per ounce.
Gold
Gold opened the month at $6,530.20 on February 2nd. The first week saw some back-and-forth action—the price jumped to $6,843.72 on the 3rd, then dipped to a monthly low of $6,524.22 on the 5th. That turned out to be the floor for the month.
From there, gold began a more measured climb. There were some wobbles around mid-February, with the price touching $6,652.10 on the 17th. But the latter half of the month told a different story. Gold rallied strongly, breaking above $7,000 and hitting its peak on the final trading day, February 27th, at $7,201.84. A solid finish to the month.
Silver
Silver had a wilder ride. It started at $112.03 on the 2nd and even climbed to $122.25 by the 4th. Then came the real volatility. On February 5th, silver took a sharp nosedive, dropping all the way down to $95.45. That was the low water mark for the entire month.
It took some time to recover, drifting through the mid-$90s and low $100s for a while—hitting $98.85 on the 17th. But silver found its footing in the final stretch. The price pushed steadily upward in the last week, closing out the month at $127.80 on February 27th, which also happened to be its high for February.
The Raw Data
That’s the month in review for the precious metals. Both gold and silver saw their share of volatility, but managed to finish on a high note. If you want to examine the daily figures in detail, head over to the full raw data post for February.