Gold (XAUUSD), Silver, Platinum Forecasts – Silver Tests The $67 Level

NEW YORK (December 19) Gold continues its attempts to settle above the $4350 level as traders focus on the rally in silver and platinum markets.

The technical picture remains unchanged as gold needs to settle above the $4380 level to gain additional upside momentum.

Silver

Silver 191225 Daily Chart

Silver tests new highs as demand stays strong. Gold/silver ratio pulled back below the 65.00 level, providing significant support to silver markets.

The technical picture remains bullish, and silver has a decent chance to get to the test of the $70.00 level ahead of the New Year.

Platinum

Platinum 191225 Daily Chart

Platinum climbed above the psychologically important $2000 level as rally continued.

RSI moved into extremely overbought territory, so the risks of a rebound are increasing.

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