Report published September 23, 2026

Bank J. Safra Sarasin: Precious Metals Trading Desk View (September 2026)

Bank J. Safra Sarasin · September 23, 2026

Bank J. Safra Sarasin's FX & Precious Metals Trading desk provides short-term technical levels across precious metals for September 23, 2026. The desk favors accumulating strategic long gold positions on pullbacks or on a breakout above 4376.10, while maintaining a bullish stance on silver above 62.80.

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Finvaulta summarizes Bank J. Safra Sarasin's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Key Takeaways

1.Gold (XAU/USD) is short-term bearish below 4376.10, but the desk favors adding to strategic long-term positions on dips or on a breakout above 4376.10 targeting 4490.00–4510.00.
2.Silver (XAG/USD) remains bullish above 62.80 with upside targets at 68.32 and the August 28th high of 71.12.
3.Platinum (XPT/USD) is neutral, projected to remain within a 1735.00 to 1870.00 range, while Palladium (XPD/USD) is bearish below 1327.00 with key support at 1154.83.

GOLD - XAU/USD (4325.00)
SILVER - XAG/USD (65.65)
PLATINUM - XPT/USD (1800.00)
PALLADIUM - XPD/USD (1289.00)
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Report data

Key figures extracted from this report

Metric	Estimate	Context
XAU/USD Spot Price	4325.0 USD	Indicative price level at time of report
XAU/USD Key Resistance / Pivot	4376.1 USD	Short-term bearish below this level; upside break targets 4490.00/4510.00
XAG/USD Spot Price	65.65 USD	Indicative price level at time of report
XAG/USD Bullish Pivot Support	62.8 USD	XAG/USD is bullish above this level
XPT/USD Spot Price	1800.0 USD	Indicative price level at time of report