On February 23, market news: Gold and silver prices rose, driven by safe-haven sentiment during the Asian morning session. President Trump stated on Saturday that he would increase the rate of a global tariff to 15%, replacing several tariffs that were ruled illegal by the Supreme Court. Analysts at ANZ Research noted in a report that Trump's latest move has reignited trade tensions, which could stimulate safe-haven buying and support gold and silver prices.

Spot Gold (London Gold): Technically, the daily chart formed a small bullish candle last Friday. The Bollinger Bands are contracting, indicating the price is about to choose a new direction. The KDJ indicator has formed a golden cross, while the MACD is poised to form one. The overall trend remains bullish, with a medium-term upward phase. On the 4-hour chart, the Bollinger Bands are opening, the KDJ indicator has formed a death cross, and the MACD fast and slow lines are intertwined. On the hourly chart, the Bollinger Bands are contracting as the price prepares for a directional move. The KDJ indicator is showing a death cross with expanding momentum, and the MACD fast line is below the slow line with the green energy bars gradually diverging. Short-term prices have rebounded as expected. Focus remains on the continuation of this rebound. Key support levels are at 5130/5115/5085, while resistance levels are at 5177/5198/5235.

Spot Silver (London Silver): The broader trend shows wide-range fluctuation, with a medium-term downward phase. Short-term prices have rebounded as anticipated. Continue monitoring the rebound; resistance is at 87.8/90.2, and support is at 85.2/83.7.