Live Spot Gold
Bid/Ask
3,016.603,017.60
Low/High
3,011.103,032.60
Change
-3.10-0.10%
30daychg
+80.50+2.74%
1yearchg
+841.80+38.71%
Silver Price & PGMs
(Kitco News, Wed. March 26th, 2025) – Gold and silver prices are up a bit in early U.S. trading Wednesday. The precious metals bulls are enjoying a steady stream of save-haven demand amid a general marketplace that remains a key bit skittish due mostly to a disruptive U.S. trade and foreign policy. Importantly, the low volatility in the gold market, at elevated levels, suggests prices can continue a steady climb to new highs. April gold was last up $6.20 at $3,032.10. May silver prices were last up $0.098 at $34.285.
Asian and European stock markets were mixed in quieter overnight trading. U.S. stock indexes are pointed to slightly lower openings today in New York. The recent rebounds in the major U.S. stock indexes begin to suggest market bottoms are in place. Such also suggests less risk aversion in the general marketplace, also implying that traders and investors are becoming numb to the disruptive trade and foreign policies of the Trump administration.
The key outside markets today see the U.S. dollar index slightly up. Nymex crude oil futures prices are firmer and trading around $69.50 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently 4.338%.
U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, durable goods orders, and the weekly DOE liquid energy stocks report.
Technically, April gold futures bulls have the strong overall near-term technical advantage. Bulls’ next upside price objective is to produce a close above solid resistance at $3,100.00. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $2,900.00. First resistance is seen at this week’s high of $3,042.40 and then at $3,050.00. First support is seen at the overnight low of $3,017.80 and then at this week’s low of $3,007.70.
May silver futures bulls have the overall near-term technical advantage. Prices are in a choppy, three-month-old uptrend on the daily bar chart. Silver bulls’ next upside price objective is closing prices above solid technical resistance at the October 2024 high of $35.80. The next downside price objective for the bears is closing prices below solid support at $32.215. First resistance is seen at $34.56 and then at $35.00. Next support is seen at $34.00 and then at this week’s low of $33.38.
Posted by:
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com