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

Key Insights

• Gold declined below the $1970 level as Treasury yields moved higher. 
• Silver settled below the $25.00 level. 
• Platinum moved below the support at $965.

Gold

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

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

Platinum is currently trying to settle below the support at $965 – $975 as traders focus on stronger dollar and rising Treasury yields.

In case this attempt is successful, platinum will head towards the next support in the $925 – $935 range.

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