Gold, Silver, Platinum Forecasts – Gold Rallies Amid Rising Demand For Safe-Haven Assets

By:

Vladimir Zernov

Published: Jan 10, 2025, 17:15 GMT+00:00

Key Points:

Gold moved towards the $2700 level as traders focused on the dynamics of U.S. equity markets.
Silver is trying to settle above the $30.50 level as demand for precious metals increased.
Platinum tests multi-week highs near the $985 level.

Gold

Gold 100125 Daily Chart

Gold tests new highs amid sell-off in U.S. equity markets. Rising demand for safe-have assets provides material support to gold and other precious metals.

A successful test of the resistance at $2675 – $2685 opens the way to the test of the next resistance level at $2715 – $2725.

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Silver

Silver 100125 Daily Chart

Silver gains ground as gold/silver ratio pulled back below the 88.50 level. RSI is in the moderate territory, and there is plenty of room to gain momentum in case the right catalysts emerge.

A move above the 50 MA at $30.63 will push silver towards the resistance level at $31.45 – $31.75.

Platinum

Platinum 100125 Daily Chart

Platinum tests resistance at $975 – $985 amid broad rally in precious metals markets.

If platinum settles above the $985 level, it will head towards the next resistance at $1020 – $1030.

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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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