Gold, Silver, Platinum Forecasts – Gold Stays Close To Historic Highs

By:

Vladimir Zernov

Published: Feb 21, 2025, 18:06 GMT+00:00

Key Points:

Gold is trying to settle above the $2940 level.
Silver moved lower as gold/silver ratio climbed back towards the 90 level.
Platinum tests support at $980 - $985.

In this article:

Gold

-0.19%

Silver

-1.49%

Platinum

-1.01%

Gold

Gold 210225 Daily Chart

Gold continues its attempts to settle above the resistance at $2930 – $2940 as traders stay bullish despite the pullback in commodity markets.

If gold settles above the $2940 level, it will move towards the psychologically important $3000 level.

Silver

Silver 210225 Daily Chart

Silver pulled back as gold/silver ratio climbed towards the 90 level. RSI is in the moderate territory, and there is plenty of room to gain momentum in the near term.

If silver declines below the $32.50 level, it will head towards the support level at $31.45 – $31.75.

Platinum

Platinum 210225 Daily Chart

Platinum tests support at $980 – $985 amid broad pullback in commodity markets.

In case this test is successful, platinum will move towards the 50 MA at $964.

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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.