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What Is Going on With Gold and Silver?

Feb 11, 2026
Recent coverage from NPR’s The Indicator from Planet Money examined the recent roller-coaster moves in gold and silver prices. After years of steady gains in gold and a sharp spike in silver this January, both metals experienced a notable pullback. To understand the deeper story, NPR spoke with market participants—including Philip N. Diehl, President of U.S. Money Reserve and the 35th Director of the United States Mint.
“I marked the beginning of this rally back on October 7 in the immediate wake of the Hamas attack on Israel. And that’s emblematic, really, of one of the forces that tends to drive gold: geopolitical tensions and warfare.” —Philip N. Diehl
Click the play button below to hear the full interview.

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