Precious Metals Update: Platinum Tumbles 2.62% – RSI at 50
📊 Market Overview
Report Date: October 31, 2025
| Metal | Price | Daily Change (%) | MA21 | MA50 | MA100 | MA200 | RSI | MACD |
|---|---|---|---|---|---|---|---|---|
| Silver | $48.25 | -0.75% | $48.60 | $44.94 | $41.16 | $36.99 | 53.52 | 0.76 |
| Platinum | $1572.00 | -2.62% | $1614.65 | $1508.01 | $1431.54 | $1214.49 | 49.84 | 15.68 |
| Palladium | $1458.50 | -1.00% | $1454.83 | $1293.35 | $1227.72 | $1097.13 | 55.83 | 40.58 |
🔸 Silver
Technical Analysis
Silver is currently trading at $48.25, reflecting a daily decline of 0.75%. The price is positioned slightly below the 21-day moving average (MA21) of $48.60, which may act as immediate resistance. The 50-day MA at $44.94 provides significant support, suggesting a bullish trend if prices consolidate above this level.
The RSI stands at 53.52, indicating neutral momentum, while the MACD reading of 0.76 signifies a potential bullish crossover, suggesting that upward momentum may be building. Short-term traders should monitor the $48.60 level for a breakout opportunity. A sustained move above this resistance could catalyze further gains, potentially targeting psychological levels at $50. Conversely, failure to maintain above the 50-day MA could lead to declines towards the $44.94 support, necessitating caution in a fluctuating market. Overall, the technical outlook remains cautiously optimistic, contingent on maintaining support and breaking resistance.
🔸 Platinum
Technical Analysis
Platinum is currently priced at $1,572.00, reflecting a daily decline of 2.62%. The short-term trend, indicated by the 21-day moving average (MA21) at $1,614.65, suggests a bearish sentiment since the current price is below this level. Key support is observed at the 50-day moving average (MA50) of $1,508.01, while further support exists at the 100-day moving average (MA100) of $1,431.54. The RSI stands at 49.84, indicating neutral momentum, while the MACD at 15.68 suggests potential bullish momentum but lacks confirmation.
For a professional outlook, should prices continue to decline and breach the MA50, further downward pressure toward the MA100 is likely. Conversely, if platinum manages to reclaim the MA21, it could signal a retest of $1,614.65, introducing a bullish scenario. Traders should monitor these levels for
🔸 Palladium
Technical Analysis
As of the latest trading session, palladium is priced at $1458.50, reflecting a daily decline of 1.00%. The metal trades above the 21-day moving average (MA21) of $1454.83, indicating a short-term bullish trend. However, given that the MA50, MA100, and MA200 are significantly lower at $1293.35, $1227.72, and $1097.13 respectively, there could be a potential retracement if bearish momentum develops.
The Relative Strength Index (RSI) at 55.83 suggests that palladium is neither overbought nor oversold, leaving room for continued upward movement. The MACD reading of 40.58 further supports this momentum, indicating positive price action.
Key support levels are observed near the MA21 at $1454.83, while resistance can be established around the recent high. A clear break above $1465 may invigorate buying interest. Overall,
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