Live Spot Gold
Bid/Ask
2,939.602,940.60
Low/High
2,921.902,955.80
Change
+6.60+0.23%
30daychg
+195.40+7.12%
1yearchg
+917.50+45.37%
Silver Price & PGMs
(Kitco News, Thurs. Feb. 20th, 2025) – Gold and silver prices are higher in midday U.S. trading Thursday, with gold prices overnight hitting all-time highs and now closing in on $3,000.00 an ounce. Ongoing safe-haven and chart-based buying are fueling the bull market runs in the two precious metals. April gold was up $21.10 at $2,956.90. March silver prices were last up $0.387 at $33.435.
Risk aversion is higher Thursday amid recent U.S. trade tariff threats and as tensions rise between the U.S. and Europe. Escalating angst between U.S. President Trump and Ukraine President Zelenskiy is also making markets nervous, as Trump may be aligning more with Russian President Putin regarding talks on ending the Russia-Ukraine war.
The key outside markets today see the U.S. dollar index solidly lower. Nymex crude oil futures prices are higher and trading around $73.25 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently a around 4.52%.
Technically, April gold futures bulls have the strong overall near-term technical advantage. Prices are trending up on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at $3,000.00. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $2,850.00. First resistance is seen at the overnight contract/record high of $2,973.40 and then at $2,985.00. First support is seen at Wednesday’s low of $2,933.70 and then at $2,900.00.
March silver futures bulls have the firm overall near-term technical advantage amid a price uptrend in place on the daily bar chart. Silver bulls’ next upside price objective is closing prices above solid technical resistance at the February high of $34.24. The next downside price objective for the bears is closing prices below solid support at last week’s low of $31.65. First resistance is seen at the overnight high of $33.785 and then at $34.00. Next support is seen at $33.00 and then at this week’s low of $32.46.
Posted by:
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com