AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.
5/11/2026:Gold and silver gain after oil prices ease
Source:
Precious metals continue to trade inversely to U.S. Treasury yields, which remain heavily influenced by fluctuations in oil prices.
Since our last update, President Trump launched Operation Freedom in an effort to reopen the Strait of Hormuz, although the mission has so far seen limited success. Even with Hormuz still closed, oil prices declined over the past week, pushing Treasury yields lower and helping to lift precious metals prices.
Silver is leading the sector higher, surging $5 last week and gaining another $5 this morning alone. After decisively breaking above key resistance at $82, it confirmed a major breakout this morning, climbing into its highest trading range since the sharp correction and consolidation phase that began on January 29. Gold and platinum are also showing strong momentum in the current market environment.
In this AGE Gold Commentary, recorded after the close on Friday May 8, we break down the latest price action in gold, silver, and platinum, including updated support and resistance levels, key technical signals, and what investors should watch next.
You can also view this video on the AGE YouTube channel, which includes a transcript.
AGE's Gold Commentary
AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.
5/11/2026: Gold and silver gain after oil prices ease
Source:
Precious metals continue to trade inversely to U.S. Treasury yields, which remain heavily influenced by fluctuations in oil prices.
Since our last update, President Trump launched Operation Freedom in an effort to reopen the Strait of Hormuz, although the mission has so far seen limited success. Even with Hormuz still closed, oil prices declined over the past week, pushing Treasury yields lower and helping to lift precious metals prices.
Silver is leading the sector higher, surging $5 last week and gaining another $5 this morning alone. After decisively breaking above key resistance at $82, it confirmed a major breakout this morning, climbing into its highest trading range since the sharp correction and consolidation phase that began on January 29. Gold and platinum are also showing strong momentum in the current market environment.
In this AGE Gold Commentary, recorded after the close on Friday May 8, we break down the latest price action in gold, silver, and platinum, including updated support and resistance levels, key technical signals, and what investors should watch next.
You can also view this video on the AGE YouTube channel, which includes a transcript.
Sincerely,
Dana Samuelson
President