Key Updates and Insights from February 13, 2026
Bloomberg Accused of Spoofing Gold and Silver Markets with False Russia-USD Story
Bloomberg reported Russia considering a return to the US dollar system, allegedly causing a drop in gold and silver prices, but Russia's Central Bank Chief denied any such discussions.
Verified: Confirmed by TASS; Elvira Nabiullina stated the Bank of Russia is not participating in talks on returning to dollar payments for exports.
China Implements New Rules for Off-Exchange Gold and Silver Trading
China is enforcing new regulations on non-SGE and SHFE trading, banning leveraged derivatives, enforcing physical deliveries, scrutinizing fractional reserves, and prohibiting rehypothecation.
Verified: Multiple sources report China tightening silver export controls, suspending trading in silver funds due to volatility, and restricting deliveries to approved hedgers on SHFE as of early 2026.
Silver Inventory Update on Shanghai Futures Exchange
126,223 ounces added to SHFE silver vaults, with total inventory at 11,367,185.8 ounces as China approaches Chinese New Year; silver closed at $89.17 on SHFE, a $2.31 premium to SGE.
Verified: SHFE silver inventory reported at approximately 354 metric tons (about 11.38 million ounces), up 4 metric tons (about 128,602 ounces) this week.
US Government to Stockpile Silver, Bull Market Has 1.5 Years Left
In an exclusive interview, David Morgan predicts the US government will stockpile silver and that the silver bull market has about 1.5 years remaining, during which most gains will occur.
Verified: Based on the interview content shared; Morgan's statements align with his known views on silver market dynamics.
Silver Price Up 2%, Senior Miners ETF Gains 5%
Silver rose 2%, leading to a 5% gain in the senior silver miners ETF (SIL), seen as a positive sign for the upcoming week.
Verified: Silver price closed around $77-78 per ounce, up approximately 2.7-3.5%; SIL ETF closed at $101.64, up 5.15% on the day.
Inverse Head and Shoulders Pattern Developing on Silver Chart
An inverse head and shoulders reversal pattern is potentially forming on the silver chart, with a higher right shoulder indicating bullish momentum.
Verified: Chart analysis is subjective but consistent with technical patterns observed in silver's price action during early February 2026.