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Gold, Silver, Platinum – Silver Pulled Back Below $25

From fxempire.com

Gold: {chart} Gold pulls back as U.S. dollar continues to move higher. Rising Treasury yields put additional pressure on gold markets. Gold failed to settle above the resistance at $1975 – $1985 and is moving lower. The nearest support level for gold is located in the $1935 – $1940 range. Silver: {chart} Silver pulled back below the $25.00 level as traders decided to take some profits off the table amid a broad pullback in precious metals markets. In case silver settles below the support at $24.60 – $24.80, it will move towards the next support level at $24.00 – $24.20. Platinum: {chart} Platinum is currently trying ... (full story)

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  • Category: Technical Analysis