Precious metals enjoy strong gains this week. Platinum is one of the top movers. It is trading at a 10-week high and has already gained around 10% this week. Weakening of the US dollar is one of the factors helping precious metals catch a bid. Following a rally, platinum has reach an important resistance in the $875 area.
Platinum has bounced more than 50% off the early-March low. Precious metals is attempting to break above the key resistance zone from the weekly time frame ($875). Source: xStaiton5
Daily summary: A historic day for precious metals; SILVER loses 30%; USD gains 💡
Has the precious metals bubble burst❓ SILVER dips over 33% in a single day 🚨
Three Markets to Watch Next Week (30.01.2026)
⏬Silver below $100, Gold breaches $5000