As we get into the session, everyone is keeping a watchful eye on precious metals at the moment. It would be quite a timely one as the seasonal tailwind also draws to a close, especially for silver. Gold (XAU/USD) hourly chartSilver (XAG/USD) hourly chartThe near-term charts for both gold and silver are painting a similar picture. There's still some work to fully break the momentum, which likely will result in a material pullback for both precious metals. Gold monthly seasonal pattern (% change)Meanwhile, February as a whole is not too bad a month for silver in the past two decades.