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Gold, Silver, Platinum Forecasts – Gold Prices Continue To Consolidate
Gold: chart Gold stays above the $2030 level, supported by falling Treasury yields. The broad pullback in precious metals markets did not put any pressure on gold in today’s trading session. In case gold settles above $2040, it will head towards the resistance at $2065 – $2075. Silver: chart Silver tested new lows as gold/silver ratio climbed above the 90.50 level. Rising gold/silver ratio is the main driver for silver’s weakness. A successful test of the support at $22.25 – $22.50 will push silver towards the next support level at $21.55 – $21.75. Platinum: chart Platinum retreats as traders focus on ... (full story)