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Gold (XAUUSD), Silver, Platinum Forecasts – Silver Tests Historic Highs
By:
Key Points:
- Gold climbed above the $4200 level.
- Silver soared above $55.00 as rally continued.
- Platinum settled above the $1650 level.
Gold
Gold moved above the $4200 level as traders remained focused on dovish Fed policy outlook.
In case gold stays above $4200, it will head towards the resistance level at $4370 – $4380.
Silver
Silver tests historic highs as rally continues. Currently, silver is trying to settle above the $55.00 level.
RSI is close to overbought territory, but there is enough room to gain additional upside momentum in the near term.
Platinum
Platinum rallied as traders focused on the strong performance of silver markets.
In case platinum stays above the resistance at $1620 – $1630, it will move towards the next resistance level at $1740 – $1750.
For a look at all of today’s economic events, check out our economic calendar.
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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