Gold, Silver, and Platinum Forecasts: Silver Tests the $64.00 Level Amid Market Reactions
By Vladimir Zernov | Published December 11, 2025
Precious metals have experienced notable movements recently as traders respond to shifts in U.S. economic data and Federal Reserve policies. Gold, silver, and platinum are particularly in focus with silver testing a key resistance level, reflecting broader market sentiment and monetary developments.
Gold (XAU/USD) Moves Higher on Dollar Weakness
Gold prices are on the ascent, supported by a pullback in the U.S. dollar which has come under pressure in the wake of weaker-than-expected U.S. labor market indicators, particularly the recent Initial Jobless Claims report. This softer data has diminished investor confidence in the dollar, prompting a shift toward safe-haven assets like gold.
Currently, gold is approaching the critical psychological and technical level of $4,300 per ounce. Should gold successfully settle above this mark, the next resistance zone lies between $4,370 and $4,380. Traders are closely monitoring Federal Reserve commentary and upcoming economic releases which will likely influence gold’s short-term trajectory.
Silver Climbs Strongly, Testing the $64.00 Barrier
Silver has enjoyed robust gains recently, as the precious metal attempts to break and hold above the $64.00 level. This upward momentum has been buoyed by the Federal Reserve’s recent decision to initiate purchases of short-term Treasury securities — a move interpreted by markets as supportive for riskier assets including metals.
A sustained rally beyond $64.00 would likely encourage momentum traders to target the next major psychological level at $65.00. This level is seen as significant, and breaching it could usher in further gains for silver amid ongoing demand in both industrial and investment sectors.
Platinum Gains Momentum, Eyeing $1,700 and Beyond
Platinum has also witnessed strong upward momentum amid the broad precious metals rally. The metal’s price currently hovers near the $1,700 territory, a key level to watch. If platinum can maintain a foothold above this threshold, it may advance to challenge resistance in the $1,740 to $1,750 range.
Market participants are observing platinum’s performance as a reflection of both industrial demand and general precious metals sentiment, with continued geopolitical and economic developments influencing investor appetite.
Market Outlook and Economic Drivers
These precious metals’ movements are occurring against a backdrop of shifting Federal Reserve policies and mixed economic data in the United States. The Fed recently cut rates by 25 basis points, though internal divisions emerged on the pace and extent of further easing. Inflation remains above targets, prompting caution among policymakers and investors alike.
The soft labor data, including weaker jobless claims, has tempered expectations of aggressive interest rate hikes, which typically support metals due to their non-yielding nature. As a result, metals have generally found support amid these dynamics.
For traders and investors, keeping a close eye on the upcoming economic calendar and Fed communications will be crucial to navigate the short-term swings in precious metals markets.
About the Author
Vladimir Zernov is an independent trader with over 18 years of experience in financial markets, covering instruments such as stocks, forex, futures, indices, and commodities. His expertise includes forecasting market movements across short and long-term horizons.
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Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. Trading precious metals involves risk, and investors should perform their own due diligence and consult financial advisors before making any investment decisions.