Silver Prices Fall as Economic Uncertainties and External Factors Drive Market Decline
September 8, 2024Silver Prices Consolidate around $28.22 Amid Economic Data Caution
September 11, 2024Gold prices have risen above $2500 as traders monitor declining Treasury yields. If gold remains above this level, it could approach a strong resistance zone between $2520 and $2530. Silver has bounced back following a significant sell-off, with the gold/silver ratio dropping below 88.50 to provide additional support for silver. Should silver establish itself above $28.50, it may target the nearest resistance levels at $28.75 to $29.00. Meanwhile, platinum is testing resistance levels at $935 to $940 due to increased demand for precious metals. A successful breach of this level could pave the way for a test of the next resistance levels at $975 to $985.