Gold (XAUUSD), Silver, Platinum Forecasts – Silver Rebounds And Tests Historic Highs

Gold

Gold is mostly flat as traders focus on rising Treasury yields and wait for additional catalysts.

From the technical point of view, gold needs to settle above the $4250 level to gain additional upside momentum in the near term.

Silver

Silver rebounded after yesterday’s sell-off as traders used the pullback as an opportunity to increase their long positions.

A successful test of the resistance at $58.60 – $58.80 will open the way to the test of the $60.00 level.

Platinum

Platinum failed to settle below the support at $1620 – $1630 and climbed back towards the $1650 level.

In case platinum moves above $1680, it will head towards the resistance level at $1740 – $1750.

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