Platinum is on the rise following a robust recovery from declining lows, with the price regaining important resistance areas. The tide is turning against sellers as the metal continues to stabilize at a level that would break out. XPT/USD Surges Above $2,350 After Sharp Intraday Reversal XPT/USD is trading at above the price of $2,369.25…
The move took shape on March 14 and March 15 across spot and futures tracking charts; traders, miners, refiners, and industrial buyers are watching because both metals are used in automotive and industrial applications. Platinum and palladium both moved lower as fresh chart signals pointed to weaker short-term demand. The latest price action matters because…
Platinum futures started July on a slightly better footing after a few weeks of weakness that saw prices pull back from mid-June levels. The TradingEconomics chart shows that the market started at approximately $1616 in the morning and accelerated towards $1653.50, up about 1.5% intraday. Buyers do seem to have found some level of confidence…
Platinum fell during the most recent trading session as sellers pushed the price of XPT/USD back to the $1,700 mark, which is a major psychological level. The common charts demonstrate that the market continues to muddle through a prolonged pullback from over $2,100. Spot platinum fell slightly to trade near $1,706, down from a 1.95%…
Platinum and palladium indicate mixed prospects for the investors. Although palladium has recorded enormous gains, it has now taken a steep retreat, but on the other hand, the consistent drop of platinum is an indicator of a hesitant market. It is important to understand these price fluctuations to enable the traders who may want to…
Markets of precious metals also recorded a sharp position change with the unwinding of the speculative exposure over the futures markets. The platinum prices stabilized around major levels as gold and silver were highly liquidated. Data in the market indicated a reset following excessive volatility. COT Data Reflects Stinging Speculative Position Declines A significant turnaround…
Platinum and palladium are showing mixed momentum as traders reassess the latest moves across the precious metals market. Platinum is holding near $1,984 after recovering from a recent decline, while palladium is moving back toward the $1,500 area after stabilizing from its earlier pullback. Notably, the latest price action is keeping industrial demand in focus.…
Platinum and palladium continued to be under pressure until March 22, when both metals were trading near lower support levels. Recent charts indicated that short-term momentum was less firm, rebounds were softer, and there was increased attention to whether buyers could guard important price bands. It is now being monitored by traders, industrial users, and…
Both palladium and platinum are off their highs; however, the recent charts indicate an evident divergence: palladium remains fighting to recover the lost positions, whereas platinum begins to re-establish a more solid short-term recovery above $2000. The one-year charts indicate that there would be a common cycle of steep rallies until late 2025 and early…
Thursday saw platinum going around the $2,000 mark after a huge recovery from the intraday low. Recently, the XPTUSD chart indicated that the price was close to $2,001.30, having already recovered the price in the 1,960 region and having tested the upper limit of the price at $2,010. The action attracted traders on X who…