Gold, Silver, Platinum price forecast: New highs reached amid Trump tariff threats
Precious metals continue bullish momentum
Precious metals continue their bullish momentum, with gold, silver, and platinum extending gains as demand for safe-haven assets remains elevated.
Gold is now on its fourth consecutive day of gains, approaching the critical $3,000 per ounce psychological mark, while silver has surged over 8% in March, reaching a five-month high near $33.95. Platinum, meanwhile, climbed 4% to a four-week high but encountered resistance at the $1,000 level, which reversed some gains, pushing it back near $992.
Gold’s price surge has been particularly noteworthy, as it recently surpassed its previous all-time high of $2,956 and continued rising past $2,990. This brings its year-to-date gain to 14%. The bullish trend remains intact despite gold’s daily RSI entering overbought territory, reinforcing strong market momentum. If gold manages to break through the $3,000 resistance, it could set the stage for further upside. However, failure to breach this level could see some profit-taking, leading to temporary pullbacks.
Silver price dynamics (Oct 2024 - March 2025). Source: TradingView
Silver, too, has demonstrated resilience, consolidating below its recent peak of $33.95 throughout the Asian and European sessions. Its daily RSI remains in bullish territory, keeping the outlook positive. In case of a decline, the broken resistance of $33.40 is expected to act as support. If silver extends its rally beyond $34.90, it could extend to a level last reached in October 2012 more than 13 years ago.
Geopolitical risks keep gold, silver, and platinum in strong uptrend
The surge in precious metals prices has been driven by heightened market uncertainty following US President Donald Trump’s renewed tariff threats. His announcement of a potential 200% tariff on European wine and champagne has reinforced fears of escalating trade tensions. Market participants now expect further economic disruptions as the US administration maintains its aggressive stance on trade policies. This uncertainty has fueled safe-haven demand, pushing investors toward gold, silver, and platinum.
Looking ahead, precious metals remain in a strong uptrend. Gold’s test of the $3,000 mark will be a critical turning point, while silver’s bullish structure suggests further upside potential, but platinum’s ability to reclaim the $1,000 threshold will signal further upside. As long as geopolitical and trade risks persist, investor appetite for safe-haven assets is likely to remain strong, supporting the metals market in the near term.
Gold gained value during economic downturns, serving as a hedge against uncertainty. Technically, it maintained long-term stability despite market fluctuations.
