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Gold, Silver, Platinum Forecasts – Gold Moves Towards Historic Highs As Dollar Pulls Back

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold is trying to settle above $2915.
  • Silver is losing ground as gold/silver ratio climbed above 90.50.
  • Platinum pulled back towards the $1030 level.

Gold

Gold
Gold 130225 Daily Chart

Gold is moving higher as traders react to falling Treasury yields and U.S. dollar’s pullback.

A move above the $2915 level will open the way to the test of the resistance at $2930 – $2940.

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Silver

Silver
Silver 130225 Daily Chart

Silver pulled back as gold/silver ratio climbed above the 90.60 level. In case gold/silver ratio settles above 91, silver will find itself under more pressure.

If silver declines below the $32.00 level, it will move towards the nearest support level at $31.45 – $31.75.

Platinum

Platinum
Platinum 130225 Daily Chart

Platinum pulled back as traders took some profits off the table near multi-month highs.

A move below the $1025 level will push platinum towards the psychologically important $1000 level.

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About the Author

Vladimir ZernovFutures Trading Expert

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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