Moving Markets Central banks steady, markets shaky and silver steals the spotlight
Feb 6, 2026
Tim Gagie, FX and metals analyst in Geneva, tracks currencies and volatile precious metals. Richard Tang, Hong Kong equity researcher, focuses on Asian and Chinese tech moves. Lucija Caculovic, market commentator, wraps up central bank signals, equity earnings, crypto swings and silver’s wild price action. They discuss central bank caution, tech selloffs, crypto weakness and silver’s standout volatility.
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Sharp Bitcoin Correction Explained
- Bitcoin plunged from about $85k to as low as $61k within a week amid a tech-led risk-off move.
- Forced liquidations and institutional net selling amplified the steep correction.
Silver Shows Astronomical Volatility
- Silver experienced extreme volatility with a 30% plunge followed by large intraday rebounds and near-term volatility above 100%.
- Traders recorded numerous 5%+ daily moves, indicating alarmingly jumpy trading conditions.
Talks Ease Oil Supply Concerns
- US-Iran talks in Amman reduced near-term supply disruption fears and pressured oil prices.
- Oil benchmarks moved lower and headed for their first weekly drop in over a month.