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Gold, Silver, Platinum Forecasts – Gold Tests Historic Highs
By:
Key Points:
- Gold rallied amid rising demand for precious metals.
- Silver moved above the $33.50 level.
- Platinum made an attempt to settle above the $1000 level.
Gold
Gold tested historic highs as demand for safe-haven assets increased amid tariff uncertainty.
From the technical point of view, gold settled above the resistance at $2930 – $2940 and is moving towards the $3000 level.
Silver
Silver gains ground as traders react to the strong rally in gold markets. Currently, silver is trying to settle above the $33.50 level.
In case this attempt is successful, silver will move towards the resistance at $34.60 – $34.85.
Platinum
Platinum tests new highs amid broad rally in precious metals markets. Palladium markets are up by 1.3%, which is bullish for platinum.
If platinum climbs above the $1000 level, it will head towards the resistance level at $1015 – $1020.
For a look at all of today’s economic events, check out our economic calendar.
About the Author
Vladimir Zernovauthor
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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