Gold held above a key technical support level near $4,514 per ounce in late-May trading, with spot prices around $4,528.90, up 0.73 percent on the session, while spot silver lagged near $75.48, down 0.24 percent, according to Kitco's morning market report and live price charts.

The price action marks a notable retreat from the records set earlier in the year. Kitco chart data show February gold futures reached $4,924.50 in late January 2026, when both metals hit new all-time highs on safe-haven demand and chart-based buying, and March silver futures traded as high as $98.78 per ounce in the same stretch.

Measured against those January peaks, gold has given back roughly 8 percent while silver has retraced more than 20 percent, a divergence analysts attribute to silver's heavier industrial exposure at a time when rising interest rate expectations are clouding the manufacturing outlook. Kitco's one-year gold chart shows the metal still holding substantial gains over its level from mid-2025, keeping the longer-term uptrend intact despite the spring pullback.

Technical analysts watching Kitco's charts have flagged the $4,514 area as the near-term line in the sand for gold bulls. A sustained hold above that support would keep the focus on a retest of the $4,600 region, while a decisive break below it could open the door to a deeper correction toward levels last seen in the fourth quarter of 2025.

Source: Kitco News -- https://www.kitco.com/news/article/2026-05-29/silver-lags-gold-defends-4514-support-kitco-am-report