Gold, Silver, Platinum Forecasts – Gold Tested New Highs

By:

Vladimir Zernov

Published: Feb 24, 2025, 17:40 GMT+00:00

Key Points:

Gold continues its attempts to settle above the resistance at $2930 - $2940.
Silver moved lower as gold/silver ratio climbed above the 91 level.
Platinum found itself under strong pressure and moved below the $970 level.

In this article:

Gold

+0.50%

Silver

-0.62%

Platinum

-1.58%

Gold

Gold 240225 Daily Chart

Gold remains stuck near the resistance at $2930 – $2940 as traders continue to take profits off the table near historic highs.

If gold moves below the $2920 level, it will head towards the nearest support, which is located in the $2870 – $2880 range.

Silver

Silver 240225 Daily Chart

Silver declined below the $32.50 level as gold/silver ratio climbed above the 91 level.

A move below $32.00 will push silver towards the nearest support level, which is located in the $31.45 – $31.75 range.

Platinum

Platinum 240225 Daily Chart

Platinum tests new lows as traders react to the strong sell-off in palladium markets, which are down by 3.4%.

If platinum settles below the 50 MA at $964, it will head towards the 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.