Gold, Silver, Platinum Forecasts: What to Expect as Precious Metals Rally Continues
Gold Forecast
Gold tests historic highs as i>demand stays strongi> despite rising Treasury yields and a strong dollar. RSI is in the i>overbought territoryi> but there is enough room to gain additional momentum in the near term.
Silver Forecast
Silver moved above the resistance at $34.00 - $34.25 and tested multi-year highs as gold/silver ratio pulled back below the 79.00 level. A move above the $35.00 level will provide silver with an opportunity to gain additional upside momentum.
Platinum Forecast
Platinum tests resistance at $1020 - $1030 amid a broad rally in precious metals markets. In case this test is successful, platinum will head towards the next resistance at $1080 - $1090.
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This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.