Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tested Historic Highs As Rally Continued

By:

Vladimir Zernov

Published: Jan 21, 2026, 17:14 GMT+00:00

Key Points:

Gold made an attempt to settle above $4890 amid rising geopolitical tensions.
Silver pulled back amid profit-taking.
Platinum tested the $2500 level.

Gold

Gold 210126 Daily Chart

Gold tested new highs as traders focused on Trump’s comments in Davos. However, traders have already started to take some profits off the table.

In case gold manages to settle above the resistance at $4890 – $4900, it will head towards the psychologically important $5000 level.

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Silver

Silver 210126 Daily Chart

Silver pulled back as gold/silver ratio climbed towards the 52.00 level. Rising gold/silver ratio put some pressure on silver in recent trading sessions.

In case silver manages to settle below the support at $91.50 – $92.00, it will move towards the $87.00 level.

Platinum

Platinum 210126 Daily Chart

Platinum made an attempt to settle above the $2500 level amid strong demand for precious metals.

From the technical point of view, platinum needs to settle above the resistance at $2510 – $2530 to gain additional upside momentum.

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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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