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Gold (XAUUSD), Silver, Platinum Forecasts – Silver Attempts To Rebound After Brutal Sell-Off

By
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold climbed back towards the $4700 level as traders rushed to buy the dip.
  • Silver found support near $71.50 and moved towards the $80.00 level.
  • Platinum managed to settle back above the $2100 level.

Gold

Gold 020226 Daily Chart
Gold 020226 Daily Chart

Gold managed to rebound from session lows as traders rushed to buy gold after the strong sell-off.

In case gold manages to settle above the resistance at $4680 – $4700, it will head towards the resistance at $4880 – $4900.

Silver

Silver 020226 Daily Chart
Silver 020226 Daily Chart

Silver attempts to settle back above the resistance at $78.00 – $79.00 as the market tries to recover after brutal sell-off.

A move above the $80.00 level will push silver towards the resistance level at $87.00 – $88.00.

Platinum

Platinum 020226 Daily Chart
Platinum 020226 Daily Chart

Platinum rebounded towards the $2100 level after an unsuccessful attempt to settle below the support at $1880 – $1900.

If platinum stays above $2100, it will head towards the resistance at $2245 – $2265.

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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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