Gold, Silver, Platinum Forecasts – Gold Rebounds As Dollar Retreats

By:

Vladimir Zernov

Published: Mar 3, 2025, 18:00 GMT+00:00

Key Points:

Gold is heading towards the $2900 level.
Silver is trying to settle back above the support at $31.45 - $31.75.
Platinum gained 2.7%, supported by the strong rally in palladium markets.

In this article:

Gold

-0.13%

Silver

-0.18%

Platinum

-0.51%

Gold

Gold 030325 Daily Chart

Gold moved higher as traders focused on U.S. dollar’s pullback. RSI is in the moderate territory, and there is plenty of room to gain momentum in case the right catalysts emerge.

If gold settles back above the $2900 level, it will move towards the strong resistance at $2930 – $2940.

Silver

Silver 030325 Daily Chart

Silver moved higher as gold/silver ratio pulled back below the 91 level. If gold/silver ratio manages to settle below the psychologically important 90 level, silver will get more support.

In case silver settles back above the support at $31.45 – $31.75, it will head towards the resistance at $32.75 – $33.00.

Platinum

Platinum 030325 Daily Chart

Platinum rallied amid strong demand for precious metals. Palladium markets are up by 5%, which is bullish for platinum.

A move above the 50 MA at $967 will push platinum towards the resistance level at $980 – $985.

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.