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Gold (XAUUSD), Silver, Platinum Forecasts – Silver Soars 9% As Traders Buy The Dip
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Precious metals markets rebound after the strong sell-off.
Gold
Gold attempts to settle above the resistance at $4880 – $4900 as traders use the recent sell-off as an opportunity to increase their long positions at attractive levels.
In case gold settles above $4900, it will move towards the resistance at $5100 – $5120.
Silver
Silver rallied towards the resistance at $87.00 – $88.00 as traders bought the dip.
A successful test of the $88.00 level will open the way to the test of the next resistance at $95.00 – $96.00.
Platinum
Platinum gained upside momentum amid broad rally in precious metals markets.
If platinum climbs above the $2265 level, it will move towards the resistance level at $2425 – $2445.
If you’d like to know more about how to trade gold and silver, please visit our educational area.
About the Author
Vladimir Zernovauthor
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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