Gold, Silver, Platinum Forecasts – Gold Moved Back Above $2500

Gold

Gold climbed back above the $2500 level as traders focused on falling Treasury yields.

If gold stays above $2500, it will move towards the strong resistance level at $2520 – $2530.

Silver

Silver rebounds after the strong sell-off. Gold/silver ratio pulled back below the 88.50 level, providing additional support to silver.

In case silver settles back above the $28.50 level, it will get to the test of the nearest resistance at $28.75 – $29.00.

Platinum

Platinum tests resistance at $935 – $940 amid rising demand for precious metals.

A successful test of this level will open the way to the test of the next resistance at $975 – $985.

For a look at all of today’s economic events, check out our economic calendar.