Silver and platinum enjoy strong support amid rising demand for precious metals.
Gold
Gold 210725 Daily Chart
Gold tests new highs as traders focus on the strong pullback in Treasury yields. U.S. dollar’s pullback provided additional support to gold markets in today’s trading session.
A move above the $3400 level will push gold towards the resistance at $3440 – $3450.
Silver
Silver 210725 Daily Chart
Silver has also tested new highs as gold/silver ratio pulled back below the 87.00 level.
If silver settles above $39.00, it will head towards the resistance level at $39.80 – $40.00.
Platinum
Platinum 210725 Daily Chart
Platinum attempts to settle above the resistance at $1495 – $1500 amid broad rally in precious metals markets.
In case this attempt is successful, platinum will head towards the next resistance at $1595 – $1600.
For a look at all of today’s economic events, check out our economic calendar.
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.
