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Gold, Silver, Platinum Forecasts – Gold Climbed Above $3100
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Key Points:
- Gold tests historic highs as rally continues.
- Silver moved lower as gold/silver ratio climbed towards the 92 level.
- Platinum rallied above the $1000 level.
Gold
Gold tests new highs as demand for safe-haven assets stays strong ahead of Trump’s reciprocal tariffs.
From the technical point of view, gold is moving towards the $3150 level. RSI is in the overbought territory, and the risks of a pullback are increasing.
Silver
Silver pulled back as gold/silver ratio rallied towards the 92 level. In case gold/silver ratio settles above 92, silver may find itself under more pressure.
A move below the $33.50 level will push silver towards the nearest support level at $32.75 – $33.00.
Platinum
Platinum gained strong upside momentum after the successful test of the resistance at $980 – $985.
If platinum stays above the $1000 level, it will get to the test of the next resistance at $1015 – $1020.
For a look at all of today’s economic events, check out our economic calendar.
About the Author
Vladimir Zernovauthor
Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.
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