Gold, Silver, and Platinum Price Forecasts
Published: July 02, 2025
Author: Vladimir Zernov
Gold Price Analysis
Gold prices are currently attempting to settle above the resistance level of $3350 - $3360. A successful test of this resistance could pave the way for further gains, potentially leading to a test of the next resistance level at $3440 - $3450. The upward movement in gold prices is attributed to a dovish outlook from the Federal Reserve, which has encouraged traders to focus on gold as a safe-haven asset.
Silver Price Analysis
Silver has also seen positive movement, climbing towards the $36.50 level as the gold/silver ratio has pulled back to around 91.50. If silver can successfully settle above the $36.50 mark, it may target the next resistance levels at $37.30 - $37.50. The correlation between gold and silver prices remains significant, with silver benefiting from gold's upward momentum.
Platinum Price Analysis
Platinum prices are attempting to settle above the resistance level of $1400 - $1405. Traders are optimistic about platinum due to expectations of a supply deficit in 2025. If platinum maintains its position above $1405, it could move towards the next resistance level at $1470 - $1475, indicating a bullish sentiment in the market.
Market Summary
Overall, the precious metals market is experiencing upward momentum, driven by a combination of factors including monetary policy outlooks and supply-demand dynamics. Traders are advised to keep an eye on key resistance levels for potential breakout opportunities in gold, silver, and platinum.