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…
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.…
The platinum price remained under pressure today after XPT gave back part of its recent rally and moved below the $2,000 area. TradingView data showed XPT/USDT trading near $1,979.90 on the 30-minute chart, with price flattening after a sharp slide from the midweek high. Analysts are now watching whether the latest pullback becomes a deeper…
Investing.com data showed platinum spot at $1,900.83, down $35.08, or 1.81%, on the day. Platinum weakened during the latest session as XPT/USD fell toward the $1,900 area, with sellers keeping pressure after an earlier intraday recovery failed. Meanwhile, the short-term futures chart showed only a mild bounce. TradingView placed XPTUSDT perpetuals near $1,906.10 at the…
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…
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…
The stock was seen to be trading around $17.23 following a sharp turn. This was after a significant low below $5.73. The recovery contributed to the stock price by over $11.50. On a recent X post, technical analyst Rafael discovered a new technical formation in Sibanye Stillwater stock. The company produces platinum and palladium. The…
Amidst an economic crisis, precious metals like gold and silver often act as a safe haven for capital, while other assets fall in value.However, growing concerns over the coronavirus and a possible recession in the near future have created such hysteria and panic, that not even silver, gold, platinum, palladium and other precious metals are…
The platinum price today continued to remain above the $2,000 price band as the XPTUSD price on the daily chart is moving around the $2,062.50 level. The metal was trading with a small positive opening and was being supported by buyers near the intraday high of $2,098.90. Traders on X continued to be intrigued by…
Platinum group metals are getting a fresh demand lift as the shift to battery electric vehicles slows and hybrid production grows faster than expected. That change matters for platinum and palladium since automakers remain their biggest end market through catalytic converter demand. New projections indicate a lower electrification trajectory in large vehicle markets. The amount…