Gold, Silver, Platinum Forecasts – Gold Remains Stuck Near $2500 As Traders Wait For Catalysts
Gold
Gold remains stuck near the $2500 level as traders wait for additional catalysts.
In case gold manages to settle below $2500, it will gain downside momentum and move towards the support at $2445 – $2450.
Silver
Silver pulls back as gold/silver ratio climbed above the 87.50 level. Rising gold/silver ratio remains a key problem for silver bulls.
In case silver stays below the support at $28.75 – $29.00, it will move towards the next support level at $27.20 – $27.50.
Platinum
Platinum made an attempt to settle above the $920 level but lost momentum and climbed back above $925.
If platinum settles below $920, it will head towards the nearest support level, which is located in the $890 – $900 range.
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