Market Analysis Summary: Gold, Silver, and Platinum Forecasts
Published: July 08, 2025
Author: Vladimir Zernov
Overview
The article discusses the current market dynamics affecting gold, silver, and platinum prices, highlighting the impact of rising Treasury yields and a stronger US dollar on these precious metals. The analysis provides insights into potential price movements and key support and resistance levels for traders to consider.
Gold Market Analysis
Gold prices are experiencing a decline as traders react to increasing Treasury yields. The article notes that if gold settles below the $3300 level, it may further decline towards the support range of $3235 to $3245. The stronger dollar is contributing additional pressure on gold markets, making it less attractive to investors.
Silver Market Analysis
Silver has also pulled back, primarily due to the weakness observed in the gold market. The Relative Strength Index (RSI) indicates that there is still potential for silver to gain momentum in the near term. However, if silver falls below the $36.50 level, it could drop towards the support levels of $35.65 to $35.85.
Platinum Market Analysis
Platinum prices are relatively stable, trading within a range of $1335 to $1405. The market is consolidating after a recent rally, and the technical outlook suggests that platinum needs to break above the $1405 level to gain further upward momentum.
Conclusion
The article emphasizes the importance of monitoring Treasury yields and the US dollar's strength as key factors influencing the prices of gold, silver, and platinum. Traders are advised to keep an eye on the specified support and resistance levels to make informed trading decisions.