Gold, Silver, Platinum Forecasts – Gold Gains Ground Amid Rising Demand For Precious Metals

Key Insights

• Gold settled near the $1925 level despite rising Treasury yields. 
• Silver moved towards $23.00 as the rebound continued. 
• Platinum tested the $900 level. 

Gold

Gold gained some ground despite rising Treasury yields. Demand for safe-haven assets stays strong due to geopolitical uncertainty, which is bullish for gold.

If gold settles above the resistance at $1935 – $1945, it will move towards the next resistance level at $1975 – $1985.

Silver

Silver tested new highs as the strong rebound from October lows continued. Gold/silver ratio pulled back towards the 84 level, which was bullish for silver.

If silver settles above the 50 MA at $22.90, it will move towards the next resistance at $23.40 – $23.60.

Platinum

Platinum made an attempt to settle above the $900 level amid rising demand for precious metals.

In case platinum climbs above $900, it will move towards the resistance at $925 – $935.

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