Industrial Demand for Platinum Driving Significant Supply Shortfall
- Gold
- Platinum
- Silver
Record industrial demand will continue to dominate the silver market and will be the most significant factor behind the precious metal’s third straight annual deficit, according to the latest update from Metals Focus on behalf of the Silver Institute.
While industrial demand is expected to hit record highs this year, total global physical demand is expected…
Platinum price confirmed keeping the main bearish track to notice crawling below 61.8% Fibonacci correction level at 855.00, to approach the next negative target at 837.00.
The main stability within the bearish channel and the continuous negative momentum coming by the major indicators allow us to suggest more negative trades, to expect targeting 828.00 level soon,…
Silver price finds its foot and rises after reaching five-week lows at $21.88 on Monday, and exchanges hands at around $22.32 a troy ounce, late during the North American session, printing gains of 0.27%, at the time of writing.
From a technical standpoint, the grey’s metal is neutral to downward biased, but the daily chart portrays…
Silver fell to kick off the trading session on Wednesday, only to turn around and bounce a bit by the time the Americans got on board. In doing so, it shows that the bottom of the potential bullish flag is trying to hold.
Silver Markets Technical Analysis: Silver fell to kick off the trading session on…
Silver price rallied upwards clearly in the previous sessions to breach 23.00 and settles above it, to head towards achieving expected gains in the upcoming sessions, on its way to visit 23.70 mainly.
Moving above the EMA50 supports the chances of achieving the expected rise, noting that breaking 23.00 and holding below it again will reactivate…
