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Gold (XAUUSD), Silver, Platinum Forecasts – Silver Tests Multi-Year Highs As Rally Continues
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Key Points:
- Gold is moving higher despite stronger dollar and rising Treasury yields.
- Silver rallied above the $38.00 level.
- Platinum tested new highs amid strong demand for precious metals.
Gold
Gold is trying to settle above the $3350 level as traders focus on Trump’s tariffs and ignore rising Treasury yields.
A move above the resistance at $3350 – $3360 will push gold towards the next resistance level at $3440 – $3450.
Silver
Silver tests multi-year highs as traders stay bullish. Currently, silver is trying to settle above the $38.00 level.
In case this attempt is successful, silver will head towards the next resistance at $39.80 – $40.00.
Platinum
Platinum has also tested new highs amid rising demand for precious metals. RSI is close to the overbought territory, but there is enough room to gain additional momentum in the near term.
If platinum settles above $1450, it will head towards the resistance level at $1495 – $1500.
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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