Gold, Silver, Platinum Forecasts – Gold Tests Historic Highs

Gold

Gold tests historic highs as traders react to U.S. dollar’s pullback and evaluate Trump’s tariff plans.

If gold stays above the $2800 level, it will move towards the $2850 level. RSI has recently moved into the overbought territory, but there is enough room to gain momentum in the near term.

Silver

Silver is losing ground as gold/silver ratio moved back towards the 89.50 level. Rising gold/silver ratio remains a key problem for silver bulls.

A successful test of the resistance at $31.45 – $31.75 will push silver towards the next resistance level at $32.75 – $33.00.

Platinum

Platinum tests new highs as the strong rally continues. Palladium is up by 4%, which is bullish for platinum.

A move above the $1030 level will open the way to the test of the next resistance level at $1080 – $1090.

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