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Gold, Silver, Platinum Forecasts – Gold Tests Historic Highs As Dollar Pulls Back

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold is trying to settle above the $2950 level.
  • Silver attempts to settle above $33.00 as traders focus on the strong performance of gold markets.
  • Platinum rebounds after strong pullback.

Gold

Gold
Gold 200225 Daily Chart

Gold tests new highs as traders focus on U.S. dollar’s pullback and falling Treasury yields.

A successful test of the resistance at $2930 – $2940 will open the way to the test of the $3000 level.

Silver

Silver
Silver 200225 Daily Chart

Silver continues its attempts to settle above the resistance at $32.75 – $33.00 as gold tests historic highs.

If silver settles above the $33.00 level, it will head towards the next resistance level, which is located in the $34.60 – $34.85 range.

Platinum

Platinum
Platinum 200225 Daily Chart

Platinum found support in the $980 – $985 range and is trying to gain additional upside momentum.

If platinum climbs above the $990 level, it will head towards the psychologically important $1000 level.

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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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