Does Platinum Have A 'Silver Lining'? Wednesday, 03 April 2024

Publication Time: 11h45am

[Reading Time: 1 Minute]

Does Platinum Have A 'Silver Lining'?

Does Platinum Look Like Silver To You?

When?, Where? Before Silver's recent advance.

We've seen the pullback.

We are seeing a consolidation.

We are seeing improving candle structure.

We are seeing a reclaim of the short and medium term moving averages.

Some precious metals have run up.

Other precious metals are coming together, starting to act well.

On a multi-year basis, commodities have lagged.

In 2024, Platinum is expected to record a deficit.

Patterns don't repeat, but they can rhyme.

Silver Daily Chart

Platinum Daily Chart (XPTUSD)

To trade, contact the Unum Capital Trading Desk:

E-mail: tradingdesk@unum.co.za | Call: 011 384 2923

Lester Davids

Analyst: Unum Capital