Gold, Silver, Platinum Forecasts – Gold Is Flat Despite Dollar’s Pullback

By:

Vladimir Zernov

Published: Mar 5, 2025, 18:25 GMT+00:00

Key Points:

Gold remains stuck below the nearest resistance as traders wait for additional catalysts.
Silver climbed above $32.50 as gold/silver ratio pulled back below 90.
Platinum did not manage to settle above the $975 level.

In this article:

Gold

-0.11%

Silver

-0.18%

Platinum

-0.27%

Gold

Gold 050325 Daily Chart

Gold remains stuck below the resistance level at $2930 – $2940 despite the strong pullback of the U.S. dollar.

In case gold settles back below the $2900 level, it will move towards the support at $2870 – $2880.

Silver

Silver 050325 Daily Chart

Silver rallied above the $32.50 level as gold/silver ratio declined towards the 89.50 level.

If silver climbs above the resistance at $32.75 – $33.00, it will head towards the next resistance level at $34.60 – $34.85.

Platinum

Platinum 050325 Daily Chart

Platinum is mostly flat in volatile trading. Traders are trying to evaluate the potential changes in demand for platinum amid trade wars.

A move below the $960 level will open the way to the test of the nearest support at $935 – $940.

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.