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 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 What started as an incremental structural progress has been replaced by extreme oscillations, as the market moves to price discovery as opposed to buying momentum.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…
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…