Gold, Silver, Platinum – Silver Pulls Back After An Unsuccessful Attempt To Climb Above $22.00

Key Insights

• Gold remains stuck near the $1835 level as traders wait for FOMC Minutes. 
• Silver gained downside momentum after an unsuccessful test of the resistance at the $22 level. 
• Platinum climbed above the $950 level and continues to rebound. 

Gold

Gold is mostly flat in today’s trading session as traders wait for the release of FOMC Minutes. Treasury yields are declining, but this move does not provide support to gold markets as traders stay focused on the upcoming catalyst.

Silver

Silver failed to climb above the $22.00 level and pulled back towards the support at $21.65. In case silver manages to settle below $21.65, it will head towards the next support level, which is located at $21.40.

Platinum

Platinum settled above the $950 level and made an attempt to get to the test of the 20 EMA at $965. The rebound continues, but platinum will likely need additional catalysts to settle above the resistance at the 20 EMA.

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