Gold, Silver, Platinum Forecasts – Gold Moves Higher As Treasury Yields Fall

By:

Vladimir Zernov

Published: Jan 15, 2025, 17:50 GMT+00:00

Key Points:

Gold is trying to settle above the $2690 level.
Silver climbed above the $30.50 level as gold/silver ratio declined.
Platinum continued its attempts to settle below the support at $935 - $945.

In this article:

Gold

-0.09%

Silver

-0.13%

Platinum

-0.54%

Gold

Gold 150125 Daily Chart

Gold moved above the resistance at $2675 – $2685 as traders focused on the strong pullback in Treasury yields after the release of U.S. inflation data.

If gold climbs above the $2700 level, it will move towards the next resistance level at $2715 – $2725.

Silver

Silver 150125 Daily Chart

Silver tested new highs as gold/silver ratio declined below the 88.00 level. Gold/silver ratio continues to move away from recent highs, which is bullish for silver.

In case silver stays above the 50 MA at $30.48, it will head towards the next resistance level at $31.45 – $31.75.

Platinum

Platinum 150125 Daily Chart

Platinum remains under pressure amid demand worries. The strong rebound in palladium markets did not provide support to platinum today.

A successful test of the support at $935 – $945 will open the way to the test of the next support level, which is located in the $885 – $895 range.

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.