Daily Gold and Silver Market Analysis- 22 January 2025

22 January 2025
OTC Market Data
High
Low
Close
Previous
Change USD
Change %
Gold
2746
2702
2744
2708
+36.00
+1.33%
Silver
30.87
30.17
30.74
30.49
+0.25
+0.82%

Today’s analysis offers a comprehensive examination of the gold and silver markets, highlighting the fundamental and technical factors influencing current trends. Our report is designed to empower investors with the insights necessary to navigate these markets successfully.

Fundamental Analysis

On Wednesday, gold prices continued their upward trajectory for the third consecutive day, surpassing the $2,750 mark and reaching their highest level since early November during the Asian session. The recent threats of tariffs from U.S. President Donald Trump have significantly influenced the flow towards this safe-haven asset. However, many of these tariffs were already factored into the market, while traders responded positively to Trump’s announcement regarding investments in artificial intelligence (AI) infrastructure.

Gold

The daily chart indicates that gold is on course to test its record high of $2,790. Earlier this month, gold charted a symmetrical triangle breakout and remains comfortably above all key daily moving averages, reinforcing the bullish outlook. The 14-day Relative Strength Index (RSI) is steadily rising above the midline, which keeps buyers optimistic. Currently, the Stochastic Oscillator stands at 92, while the RSI is at 66.

Support 3
Support 2
Support 1
Current Market Price
Resistance 1
Resistance 2
Resistance 3
2695
2705
2725
2753
2772
2790
2815

Silver

Silver prices increased as traders responded to the strong performance of the gold markets. However, the gold/silver ratio rising above the 89 level was a disappointing sign for silver bulls. If silver manages to break above $31.00, it could approach the nearest resistance range of $31.35 to $31.58. Currently, the short-term Stochastic Oscillator is at 84, while the Relative Strength Index (RSI) stands at 56.

Support 3
Support 2
Support 1
Current Market Price
Resistance 1
Resistance 2
Resistance 3
30.00
30.23
30.42
30.75
31.00
31.35
31.58

Indicator Definitions

  • Stochastic Oscillator: This indicator measures momentum by comparing the closing price to its price range over a specified period. Values above 80 indicate overbought conditions, while values below 20 suggest oversold conditions.
  • Relative Strength Index (RSI): The RSI assesses price changes to determine overbought or oversold conditions. A reading above 70 indicates overbought status, while a reading below 30 signals that the asset is oversold.
Key US Economic Reports & Events
When
Actual
Expected
Previous
CB Leading Index m/m
7:00pm
-0.1%
-0.1%
0.3%

Conclusion

In the dynamic and multifaceted world of bullion markets, it is essential to remain informed through both technical and fundamental analysis to make sound investment decisions. Our report aims to offer a balanced perspective, helping investors navigate the complexities of gold and silver trading effectively.

Disclaimer This report is intended for informational purposes only and is based on data from reputable sources. It does not constitute investment advice. ISA BULLION makes no guarantees regarding the accuracy or completeness of the report and disclaims any liability for losses that may result from reliance on this information. Users are encouraged to conduct their own research and consult with professional advisors before making investment decisions. ISA BULLION, along with its directors, partners, officers, employees, and agents, expressly disclaims any responsibility for any direct or indirect losses or damages arising from the use or reliance on the information presented herein.