Gold (XAUUSD), Silver, Platinum Forecasts – Silver Soars 6% As Maduro Arrives At U.S. Court

NEW YORK (January 5) Gold rallied as traders focused on the events in Venezuela. Demand for precious metals is rising amid geopolitical tensions.

In case gold stays above the $4450 level, it will head towards the next resistance, which is located in the $4540 – $4550 range.

Silver

Silver 050126 Daily Chart

Silver gained strong upside momentum amid rising geopolitical tensions. Gold/silver ratio pulled back towards the 57.00 level, providing additional support to silver markets.

A successful test of the resistance at $77.50 – $78.00 will open the way to the test of the next resistance level at $83.50 – $84.00.

Platinum

Platinum 050126 Daily Chart

Platinum tests resistance at $2245 – $2265 amid strong demand for precious metals.

In case this test is successful, platinum will head towards the next resistance at $2510 – $2530.

FXEmpire