Gold, Silver, Platinum Forecasts – Gold Tests New Lows As Pullback Continues

By:

Vladimir Zernov

Published: Feb 28, 2025, 17:40 GMT+00:00

Key Points:

Gold pulled back towards the $2850 level.
Silver is trying to settle below the $31.00 level.
Platinum tests support at $935 - $940.

In this article:

Gold

-0.72%

Silver

-0.34%

Platinum

-0.51%

Gold

Gold 280225 Daily Chart

Gold tests new lows as traders stay focused on Trump’s tariff plans. It looks that sell-offs in other markets have forced some traders to sell gold in order to raise money.

If gold stays below the $2850 level, it will head towards the next support level at $2780 – $2790.

Silver

Silver 280225 Daily Chart

Silver is trying to settle below the 50 MA at $30.92 as traders focus on the strong pullback in gold markets.

A move below the 50 MA will push silver towards the support level at $29.75 – $30.00.

Platinum

Platinum 280225 Daily Chart

Platinum tests support at $935 – $940 amid broad sell-off in precious metals markets.

In case platinum manages to settle below the $935 level, it will move towards the next support at $895 – $900.

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.