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Gold (XAUUSD), Silver, Platinum Forecasts – Silver Soars Above $36.50 As Rally Continues

By: 
Vladimir Zernov
Gold (XAUUSD), Silver, Platinum Forecasts – Silver Soars Above $36.50 As Rally Continues

Key Points:

  • Gold rebounds after pullback as Treasury yields fall.
  • Silver tests multi-year highs as gold/silver ratio continues to move lower.
  • Platinum attempts to settle above the resistance at $1195 - $1200.

Gold

Gold
Gold 090625 Daily Chart

Gold is moving higher as traders focus on weaker dollar and pullback in Treasury yields.

If gold climbs above the resistance at $3350 – $3360, it will head towards the resistance level at $3490 – $3500.

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Silver

Silver
Silver 090625 Daily Chart

Silver tests new highs as gold/silver ratio pulled back below the 91.00 level.

A move above the $37.00 level will open the way to the test of the resistance level at $37.30 – $37.50.

Platinum

Platinum
Platinum 090625 Daily Chart

Platinum attempts to settle above the resistance at $1195 – $1200 as the strong rally continues.

RSI is in the extremely overbought territory, so the risks of a pullback are increasing.

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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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