Gold, Silver, Platinum Forecasts – Gold Remains Stuck Near $1985

Key Insights

• Gold continues its attempts to settle above the $1985 level. 
• Silver is losing ground as gold/silver ratio settled above the 87 level. 
• Platinum pulled back towards the $900 level. 

Gold

Gold is trading near the $1985 level as demand for safe-haven assets remains strong amid geopolitical tensions.

If gold manages to settle above $1985, it will head towards the next resistance at $2015 – $2025.

Silver

Silver remains under pressure as gold/silver ratio settled above the 87 level. U.S. dollar’s pullback did not provide support to silver markets.

From the technical point of view, silver remains stuck between the support at $22.50 and the resistance at $23.40.

Platinum

Platinum  is trying to settle below the $900 level while traders wait for additional catalysts.

A move below the $900 level will push platinum towards the support at $880 – $890.

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