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…
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…
Platinum prices are going into a severe recalibration period following one of the most rapid rallies in the recent history of the metal. What started as an incremental structural progress has been replaced by extreme oscillations, as the market moves to price discovery as opposed to buying momentum. Volatility has been enhanced, but the overall…
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…
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…
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 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…
Platinum is going through a stabilization period after the high volatility experienced earlier this year. The current price action indicates the metal closing in on a major structural floor, and the sellers are trying to regain their momentum after the drastic fall in February. Although the intraday action is still not well distributed, the broader…
The bigger picture remains positive, and the most recent charts indicate that platinum is above key trend areas, although it shows a slight day-by-day fall. Platinum is in the limelight as the metal went on a breakout-led boom to explode past key technical lines, although intraday trading action directed the market to cool to 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…