Gold and silver prices have surged to impressive levels ahead of the Federal Reserve’s upcoming policy meeting, with gold testing resistance near $3,352 and silver approaching $38.30. These key thresholds are drawing close investor attention as traders weigh the likelihood of further breakouts or potential reversals.

Gold has experienced a remarkable rally in recent months, passing significant milestones and reaching new all-time highs. After surging past $3,000, prices climbed above $3,400 before recently consolidating below the $3,352 resistance level. This consolidation reflects investor caution as markets await clarity on monetary policy from the Federal Reserve.

Technical indicators suggest that a break above $3,352 could open the door to further gains, while failure to breach resistance may prompt short-term corrections. On the downside, support is expected near the $3,200–$3,220 zone. For longer-term investors, the overall trend in gold remains constructive, underpinned by persistent inflation concerns and central bank buying.

Silver has followed a similar trajectory, recently testing resistance in the $38.30 area. Price action in silver has often mirrored gold’s movements, though silver typically experiences greater volatility due to its dual role as both an industrial and a monetary metal. If silver can hold above the $37.00 support, a firm break above $38.30 may set the stage for a run toward $40 and beyond.

Looking ahead, market participants should monitor statements from the Federal Reserve for clues about the potential trajectory of interest rates and the broader economic outlook. Persistent inflation, geopolitical uncertainty, and central bank activity all remain important drivers for precious metal prices. As a result, gold and silver are likely to remain highly sensitive to news flow and policy signals in the coming weeks.