Gold, Silver, Platinum Forecasts – Gold Dives Amid Profit-Taking

By:

Vladimir Zernov

Published: Jan 27, 2025, 17:34 GMT+00:00

Key Points:

Gold declined below the $2750 level as traders rushed to take profits near historic highs.
Silver pulled back below the $30.00 level as gold/silver ratio moved above 91.
Platinum made an attempt to settle below the $945 level.

In this article:

Gold

-0.31%

Silver

-0.69%

Platinum

+1.29%

Gold

Gold 270125 Daily Chart

Gold retreats as traders take profits after the strong rally. Falling Treasury yields did not provide support to gold markets in today’s trading session.

If gold declines below the nearest support at $2715 – $2725, it will move towards the next support level, which is located in the $2675 – $2685 range.

Silver

Silver 270125 Daily Chart

Silver tests new lows as gold/silver ratio rallied above the 91 level. If gold/silver ratio climbs above the 92 level, silver will gain additional downside momentum.

A move below the $30.00 level opens the way to the test of the support level at $28.75 – $29.00.

Platinum

Platinum 270125 Daily Chart

Platinum tests support at $935 – $945 amid broad pullback in precious metals markets.

If platinum settles below the $935 level, it will move towards the support level at $885 – $895.

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.