Gold and Silver Rebound on February 18, 2026, Led by Silver, Ahead of Fed Minutes
Gold and silver prices moved sharply higher in early U.S. trading on Wednesday, February 18, 2026, with silver leading, according to CoinWeek. March silver gained $2.00 to $75.60 and April gold futures rose $38.40 to $4,943.70. Traders were looking ahead to the minutes of the Federal Reserve's January meeting, due that afternoon.
Correction (Oct 13, 2026): We rewrote the headline, summary and body to match the source. We made clear that the report covers trading on February 18, 2026; removed statements not in the source (a matching rise in collectible silver coins, higher trading volume, strategic entry points, a history of silver investing and national silver coin mintages); and set out the futures prices and officials' remarks as reported. The previous headline was "Silver Surge Before Fed Minutes Reveals Safe-Haven + Portfolio Rebalance Catalyst."
This article is based on a CoinWeek bullion report published on Wednesday, February 18, 2026. It describes early U.S. trading on that day, not current prices.
Gold and Silver Rebound, Led by Silver
According to CoinWeek, gold and silver prices moved sharply higher in early U.S. trading on February 18. Silver led the advance. Traders bought the dip after Tuesday's selloff, and many adjusted positions ahead of the release of the minutes of the Federal Reserve's January meeting.
April gold futures traded at $4,943.70, up $38.40. March silver gained $2.00 to $75.60. CoinWeek said the bounce reflected fresh buying and short covering.
Fed Minutes in Focus
Investors were awaiting the Federal Open Market Committee (FOMC) minutes, scheduled for release that afternoon. At its January meeting, the Fed kept interest rates unchanged. Markets continue to debate when rate cuts may begin.
Federal Reserve Governor Michael Barr said on Tuesday that rates should remain steady for some time. He wants stronger evidence that inflation is moving toward the 2% target. Chicago Fed President Austan Goolsbee offered a more flexible view, saying additional cuts could happen later this year if inflation continues to cool.
CoinWeek noted that lower rates tend to support gold and silver: precious metals do not pay interest, so when rates fall, the opportunity cost of holding bullion drops.
Global Headlines
CoinWeek also listed several international developments. U.S. and Iranian officials reported progress in nuclear talks held in Geneva, and both sides plan further meetings. Japan announced plans to invest up to $36 billion in U.S. oil, gas and critical mineral projects as part of a broader trade pact. In Europe, Ukraine and Russia held another round of U.S.-brokered talks. Ukrainian President Volodymyr Zelenskiy accused Russia of delaying progress, while U.S. officials described recent discussions as meaningful but incomplete.
Other Markets
The U.S. dollar index traded slightly higher. Crude oil hovered near $63.75 per barrel. The yield on the benchmark 10-year U.S. Treasury note stood at 4.06%.
Source: CoinWeek, "CoinWeek Bullion Report: Silver Leads as Metals Rebound Ahead of Fed Minutes" (February 18, 2026).
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