Guoxin Futures: Gold and silver diverge, Shanghai silver remains weak

K-LinePoet · 2026-02-05T09:33:18+00:00

Guoxin Futures research report points out that the precious metals market is experiencing divergence between internal and external markets and among different varieties. Shanghai Gold slightly rose, while Shanghai Silver declined significantly. Contact between the US and Iran has sent signals of easing, leading to a decrease in safe-haven demand. The partial government shutdown in the United States has caused a lack of macroeconomic data, intensifying market volatility. It is expected that gold and silver will fluctuate within a wide range in the future.

K-LinePoet

2026-02-05 09:33:18

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Guoxin Futures Research Report pointed out that on Tuesday, the precious metals market showed a significant divergence between internal and external trading and a complex pattern of strength and weakness among different varieties. The main contract of Shanghai Gold slightly closed up by 0.63%, at 1093.78 yuan/gram. The silver futures market is still digesting the previous sharp decline, with a noticeable divergence in trend. Shanghai Silver closed down by 16.71%, at 21,446 yuan/kilogram. Subtle changes occurred on the geopolitical front, with high-level contacts between Iran and the US signaling a easing of tensions, which in the short term reduced the urgency for safe-haven assets. Additionally, the absence of key macroeconomic data amplified market volatility. Due to the partial government shutdown in the US, the January non-farm employment report was delayed, creating an information vacuum during a policy-sensitive period and increasing investor anxiety. Looking ahead, gold and silver are expected to experience wide-range fluctuations.

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