Gold, Silver, Platinum Forecasts – Gold Rebounds Despite Rising Treasury Yields

Vladimir Zernov
Updated: Apr 11, 2024, 17:16 GMT+00:00

Key Points:

  • Gold moved back above the $2350 level.
  • Silver managed to climb above $28.00 despite stronger dollar.
  • Platinum made an attempt to settle above the resistance at $975 - $985.
Gold, Silver, Platinum Forecasts

In this article:


Gold 110424 Daily Chart

Gold gains ground despite rising Treasury yields and stronger dollar. Demand for gold stays strong as traders bet that central banks will keep buying gold for reserves.

If gold settles above the nearest resistance at $2350 – $2360, it will head towards the $2400 level.


Silver 110424 Daily Chart

Silver climbed back above the $28.00 level as gold/silver ratio remained stuck below 84.

In case silver manages to settle above $28.00, it will move towards the next resistance, which is located in the $28.70 – $28.90 range.


Platinum 110424 Daily Chart

Platinum rebounded after yesterday’s pullback. Currently, platinum is trying to settle above the resistance at $975 – $985.

In case this attempt is successful, platinum will head towards the next resistance level, which is located in the $1015 – $1025 range.

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

About the Author

Vladimir is an independent trader and analyst with over 10 years of experience in the financial markets. He is a specialist in stocks, futures, Forex, indices, and commodities areas using long-term positional trading and swing trading.

Did you find this article useful?