Gold (XAUUSD), Silver, Platinum Forecasts – Silver Tests The $64.00 Level

Gold

Gold is moving higher as traders focus on U.S. dollar’s pullback. The American currency is under pressure as traders react to the weak Initial Jobless Claims report.

In case gold settles above the $4300 level, it will head towards the nearest resistance at $4370 – $4380.

Silver

Silver is trying to settle above the $64.00 level as rally continues. Traders rush to buy silver as Fed has decided to start purchases of short-term Treasury securities.

A move above the $64.00 level will push silver towards the psychologically important $65.00 level.

Platinum

Platinum gained strong upside momentum amid broad rally in precious metals markets.

If platinum stays above the $1700 level, it will head towards the resistance at $1740 – $1750.

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