Gold, Silver, Platinum Forecasts – Gold Climbed Back Above $2600

Gold

Gold gains ground as traders bet on a rebound after the strong pullback. Rising geopolitical tensions served as an additional positive catalyst for gold markets.

In case gold stays above the $2600 level, it will head towards the next resistance level, which is located in the $2675 – $2685 range.

Silver

Silver rallied above the $31.00 level as gold/silver ratio declined below the 84.00 level.

A successful test of the resistance at $31.45 – $31.75 will open the way to the test of the next resistance at $34.00 – $34.25.

Platinum

Platinum gained 3% amid broad rally in precious metals markets. The strong rally in palladium markets, which are up by more than 6%, provided additional support to platinum.

In case platinum climbs above the resistance at $975 – $985, it will head towards the next resistance level at $1020 – $1030.

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