Gold, Silver, Platinum Forecasts – Gold Tests Multi-Week Highs As Treasury Yields Pull Back

Gold

Gold tests new highs as traders react to the continuation of the pullback in Treasury yields.

Currently, gold is trying to settle above the resistance at $2715 – $2725. In case this attempt is successful, gold will move towards the next resistance level at $2780 – $2790.

Silver

Silver is moving towards the $31.00 level as traders focus on the strong performance of gold markets.

A move above the $31.00 level will push silver towards the resistance at $31.45 – $31.75.

Platinum

Platinum remains stuck near the support at $935 – $945 as traders wait for additional catalysts.

If platinum manages to settle back above the $945 level, it will head towards the resistance near the recent highs at $975 – $985.

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