Gold, Silver, Platinum Forecasts – Gold Gains Ground As Trump Finishes His Speech

By:

Vladimir Zernov

Published: Jan 20, 2025, 18:00 GMT+00:00

Key Points:

Gold managed to gain some ground as traders reacted to Donald Trump's speech.
Silver is trying to settle above the $30.50 level.
Platinum pulled back towards the support at $935 - $945.

In this article:

Gold

+0.06%

Silver

-1.03%

Platinum

+1.37%

Gold

Gold 200125 Daily Chart

Gold gains some ground as traders focus on Trump’s speech. The strong pullback of the U.S. dollar provided some support to gold markets today.

If gold climbs above the nearest resistance at $2715 – $2725, it will move towards the next resistance level at $2780 – $2790.

Silver

Silver 200125 Daily Chart

Silver is moving higher, supported by weaker dollar. Gold/silver ratio did not manage to settle above the 90 level and pulled back below 89, which was bullish for silver.

In case silver climbs back above the $30.50 level, it will head towards the resistance at $31.45 – $31.75.

Platinum

Platinum 200125 Daily Chart

Platinum is losing ground as traders take some profits off the table after yesterday’s rebound.

If platinum declines below the support at $935 – $945, it will move towards the next support level at $885 – $895.

For a look at all of today’s economic events, check out our economic calendar.

About the Author

Vladimir Zernovauthor

In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.