Gold, Silver, Platinum Forecasts – Gold Rebounds As Trump Says He Will Impose 25% Tariffs On The EU

By:

Vladimir Zernov

Published: Feb 26, 2025, 18:20 GMT+00:00

Key Points:

Gold settled back above the $2900 level as traders focused on Trump's tariff threats.
Silver rebounded towards the $32.00 level.
Platinum failed to settle above the resistance at $980 - $985.

In this article:

Gold

-0.03%

Silver

+0.31%

Platinum

-0.20%

Gold

Gold 260225 Daily Chart

Gold rebounded from session lows as Donald Trump said that he would impose 25% tariffs on imports from the EU.

From the technical point of view, gold needs to settle above the strong resistance at $2930 – $2940 to gain additional upside momentum.

Silver

Silver 260225 Daily Chart

Silver received strong support in the $31.45 – $31.75 range and is trying to settle back above the $32.00 level.

In case this attempt is successful, silver will head towards the next resistance, which is located in the $32.75 – $33.00 range.

Platinum

Platinum 260225 Daily Chart

Platinum made an attempt to settle above the $985 level but lost momentum and pulled back towards the 50 MA at $966.

A move below the 50 MA will push platinum towards the nearest support level 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.