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Gold, Silver, Platinum Forecasts – Gold Gains Ground As Treasury Yields Fall
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Key Points:
- Gold climbed above the $2650 level.
- Silver moved above $30.50 as gold/silver ratio pulled back below 87.00.
- Platinum is trying to settle above the $945 level.
Gold
Gold gains ground as the rebound continues. Falling Treasury yields and weak dollar provided support to gold markets in today’s trading session.
If gold settles above the resistance at $2675 – $2685, it will move towards the next resistance level, which is located in the $2740 – $2750 range.
Silver
Silver gains ground as gold/silver ratio pulled back below the 87.00 level.
If silver stays above the $30.50 level, it will head towards the resistance at $31.45 – $31.75.
Platinum
Platinum attempts to settle above the resistance at $935 – $945 amid broad rally in precious metals markets.
In case this attempt is successful, platinum will move towards the next resistance level at $975 – $985.
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.
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