Gold, Silver, Platinum Forecasts – Gold Moved Back Above $2500
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Gold
Gold climbed back above the $2500 level as traders focused on falling Treasury yields.
If gold stays above $2500, it will move towards the strong resistance level at $2520 – $2530.
Silver
Silver rebounds after the strong sell-off. Gold/silver ratio pulled back below the 88.50 level, providing additional support to silver.
In case silver settles back above the $28.50 level, it will get to the test of the nearest resistance at $28.75 – $29.00.
Platinum
Platinum tests resistance at $935 – $940 amid rising demand for precious metals.
A successful test of this level will open the way to the test of the next resistance at $975 – $985.
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