Gold, Silver, Platinum Forecasts – Gold Tests Historic Highs As Treasury Yields Fall

By:

Vladimir Zernov

Published: Feb 5, 2025, 17:39 GMT+00:00

Key Points:

Gold moved above the $2870 level as rally continued.
Silver is trying to settle above the $32.50 level.
Platinum climbed above $1010 amid strong demand for precious metals.

In this article:

Gold

+0.75%

Silver

+0.80%

Platinum

+0.66%

Gold

Gold 050225 Daily Chart

Gold tests new highs as traders stay bullish. Trade wars and falling Treasury yields serve as key positive catalysts for gold markets.

Traders should note that RSI is in the overbought territory, so the risks of a pullback are rising.

Silver

Silver 050225 Daily Chart

Silver moved towards the $32.50 level as traders focused on the strong performance of gold markets.

If silver settles above the resistance at $32.75 – $33.00, it will move towards the next resistance level, which is located in the $34.50 – $34.85 range.

Platinum

Platinum 050225 Daily Chart

Platinum continues to rebound from recent lows amid rising demand for precious metals.

If platinum stays above the $1010 level, it will move towards the resistance at $1025 – $1030.

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.