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

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold failed to settle above the $4250 level.
  • Silver rebounded after yesterday's sell-off.
  • Platinum was mostly flat in choppy trading.

Gold

Gold
Gold 051225 Daily Chart

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.

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Silver

Silver
Silver 051225 Daily Chart

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
Platinum 051225 Daily Chart

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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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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