Gold, Silver Advance to Open 2026 Trade

Gold and silver rose as 2026 trading kicked off, building on their best annual performances since 1979, Yihui Xie and Jack Ryan reported for Bloomberg News.

Roughly $6 billion of gold futures are also set to be sold.

Bullion approached $4,400 an ounce, while silver gained more than 3%.

Although traders have flagged that the metals could perform well this year amid further US interest-rate cuts and dollar weakness, there is concern that a broad index rebalancing could pressure prices in the near term.

Given the recent rally, passive tracking funds may sell some contracts to align with new weightings.

Silver futures currently make up 9% of the Bloomberg Commodities Index, a widely tracked benchmark for a basket of commodities.

That compares with a 2026 target weighting of just under 4%, meaning more than $5 billion of holdings will need to be sold during the five-day roll period starting next Thursday. Roughly $6 billion of gold futures are also set to be sold.