Gold 
Silver 
“Platinum prices were moving in a rangebound fashion between $1,880 and $2,170 over the course of April. Platinum prices had moved into the upper half of this range, in early May, at the time of writing this report. Prices are likely to continue moving sideways in a volatile fashion driven higher and lower, with a greater risk of breaking to the downside of this range over the next few months.
Various factors could be responsible for this possible weakness in platinum prices. For one, the war in the Middle East could drag on, which would keep energy prices elevated. Optimism about a resolution to the war could boost all asset prices, but as mentioned in other parts of this report, even if the war were to end soon energy prices are likely to remain elevated for some time. This would create a drag on economic growth, push inflation higher, and causes businesses to invest less in transport in the form of commercial vehicles, which are an important part of platinum fabrication demand. The platinum price also heads into a seasonally weaker period during the summer months, which could further weigh on prices in the next few months. It would not be surprising to see platinum prices slip.”
The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, www.cpmgroup.com
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
