Dana Lyons – Is The Top In Silver In? Also Gold, Copper, US Markets, Bonds, Crypto
In this daily editorial for Thursday, February 12, 2026, we are joined by Dana Lyons, Fund Manager and Editor of The Lyons Share Pro. With market volatility on the rise and significant red across major indices, Dana provides a deep dive into what his proprietary risk models are signaling for the broad market versus the heavy-capped indices.
Key Discussion Points:
- Broad Market Resilience: Why the risk models remain positive despite the struggles of the major cap-weighted indices, highlighting a breakout in mid-cap and equal-weight averages.
- Sector Rotations: Analysis of the emerging relative strength in Consumer Staples (XLP), Utilities (XLU), and Industrials (XLI).
- Energy Sector Breakout: A look at the Energy Select Sector SPDR Fund (XLE) and why its four-year basing pattern suggests a sustainable long-term move.
- Precious Metals Outlook: Differentiating the “parabolic” and “frothy” action in Silver (SLV) from the more measured, constructive moves in Gold (GLD) and the Gold Miners (GDX).
- Fixed Income and Crypto: Technical levels to watch for the 10-Year Yield, Emerging Market Bonds (EMB), and a short-term trading perspective on Bitcoin (BTC).
For more market commentary & interview summaries, subscribe to our Substacks:
- The KE Report: https://kereport.substack.com/
- Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
It could hit $58 or even $54 but we’re far from a bull market top. Mark my words.
Top for 2026 for sure – why do I say this? I studied numerous charts and looking at that long wick on quarterly tells me the price of Silver will cool down for some time to catch up with moving averages.
There’s 6.5 weeks left in the quarter, that’s more than half. I’d bet those quarterly charts will look very different at quarter end. Q4 earnings are coming soon and even silver itself has plenty of time to improve significantly.
Watch this 17+ year parallel channel:
https://schrts.co/wYyrfssV
That’s interesting Matthew, and I do agree with you.
I think there’ll be some pressure on the pricing over the coming days/week. There’s a good chance for us to be dipping into the 50’s.
I also believe that something will need to give leading up to the Comex liquidation leading into March. Not certain how they will handle the situation, but I can’t imagine they’ll be planning to be caught with their pants down.
Further, with the understanding of the Chinese holidays being upon us, we most likely will be seeing the pricing drop drop drop.
All seems counter-intuitive though.
Looks like all that pent-up demand for metals was satisfied and that pesky US debt finally paid off.
Trump gonna keep that going. He’s got a big shopping list.
He is going to need a lot of metals if he gets more carried away in killing people.
Looks like Chinese new year started early today…in silver.
Gold and Silver Pricing Volatility In 2026
Excelsior Prosperity w/ Shad Marquitz (02/12/2026)
https://excelsiorprosperity.substack.com/p/gold-and-silver-pricing-volatility
Ex, firstly, I appreciate your dedication to the cause of keeping everyone up to date on the latest news and thoughts.
Secondly, to all, I wanted to put out something out there that’s crossed my mind. It’s a bit far fetched I know.
JD Vance recently delivered a speech stating the US will be moving toward setting a floor for the metals pricing. Looking online, it appears many are celebrating this approach as a big win. But, I was thinking about it the what/how/when re: implementation.
If things do get economically dire as many predict, then I wonder if there’ll be another 1933-type event where it would be illegal to hoard gold, and then, once everyone turns it in, the system will move to establish a floor on the pricing.
Not saying this will go down, but it did cross my mind.
I still believe a nationalizing of mines, sales and inheritance taxation, and outright bank confiscation are, ultimately, on the game board.
No need to respond, but wanted to put that out there.
Hi there Canuckski. Yeah, the reason many people are celebrating the potential of price floors in a number of critical miners (ie… antimony, tungsten, rare earth, nickel, lithium, etc…. ) is that it would break the dependence on China (and for nickel/uranium – Russia), and encourage more longer-term investment in mine development by domestic companies or companies in friendly jurisdictions like Canada, Australia, and some European and Latin American countries.
If a mining company knows they can develop a large risky expensive mine, and still have price floors guaranteed by the government, then it takes the commodity price risk off the table and allows for more certainty. Overall that is a good thing for the companies, even if it is a form intervention in the free markets by the government. The pushback has been that China has distorted the market, and they’ve not been free or fair in decades, and so some form of intervention is necessary if domestic supply is to be realistic.
With gold, the wildcard still is if the US treasury decided to revalue the gold it holds on its balance sheet from the $42 it is at currently to (Pick your number…. $7,000? $10,000). If that happened it could be sudden stimulant to the gold price globally out of nowhere.
I’m less concerned at this point about the US confiscating the gold, but the higher the value goes, and if the BRICS block of nations do move forward with their “Unit” currency and back it 40% with gold as proposed… then other nations may realize it is still money and nationalize their gold mines. Of course, I’m hoping nations don’t do anything that stupid, but we’ve seen that movie before in history…
Price floors will do wonders for all the miners with large deposits in BRICS countries and benefit them disproportionately. Doubt if the west can compete with those.
What concern is most important in these things? Simply the unstable Dollar!
Fractional Reserve Gold based Dollars will eliminate this problem,
using the Fractional Rate to expand or contract Money
(within a new Fourth Branch of Government).
https://www.tradingview.com/x/e3OvalWE/
SILVER : Current Target Range
https://www.tradingview.com/x/hwZcacbY/
DOLLAR : Uptrend Diamond Formation?
Something that keeps hanging out there and possibly consistent with Central Banker activity and continued Transfer of Wealth activity, is the recognition that a reset in the price of gold could assist in making sovereign balance sheets more palatable (using the “kick down the road” mentally) … and an international reset of financial systems to deal with debt levels. In order to prevent long lines at the banks and food banks, they will continue misdirection in the media which could explain mass confusion fundamentally. It could also explain international tensions as politicians consider war and destruction as a distraction to not have to run from pitchforks and ropes. They are well aware that the dysfunction was caused in a large part by their greed and mental illness … leaving the oligarchs to another day.
Dweller, you should buy a pick-up truck and a dog if you don’t already have one and move to Lincoln Nebraska and forget about corruption. Your heart will thank-you.
Got the dog, an SSR, Corvette and a wonderful wife. Corruption is everywhere and most places it snows. Corruption should be attacked all the time or there is no where to live. But … never been to Lincoln Nebraska but thought about Omaha for the College Baseball World Series… do they still have those or were they sold to some country in the middle east?
Didn’t think about Grampa Warren, the Wizard of Omaha?
Warren Buffet is 95, you have to be a wizard to live that long let alone have most of your faculties. DT
Silver, 5m, $77.77 heavily protected fer some reason…
Ex:
Great article by the way. Very timely . Thanks.
Just saw this note Lakedweller2. Much appreciated.
Is the top in Silver in? WM %R says most likely it is.
https://schrts.co/fzaegcAI