by Super User in Blog on 17 February 2015 Hits: 24 2 Comments

Gold Trading, Silver Trading, Palladium And Platinum Trading

Platinum’s price ultimately has an upside potential of 80% ($1800/oz), in 2022 or beyond. Exchange rates, charts, other information, comments and shares contained here are not within the scope of investment consultancy. Based on the information here, it is not recommended to make a financial decision and invest. Price data is continually gathered from multiple markets. A weighted average price of these markets is shown by default (based on 24-hour trade volume). Alternatively, you can choose a specific source from the settings menu. A double gold exchange-traded fund is designed to respond to twice the daily rise and fall of the price of gold.

So this platinum prediction is all about trying to understand that next big move. We want to know when it may happen and how to recognize it. The goals is to catch the first next big move in platinum’s price.

Gold Price News

We examine the 3 platinum ETFs that trade in the U.S. below. It has a circulating supply of 0 XPT coins and a max supply of 155 Million.

The shorter term chart, the weekly over 6 years, shows that platinum required 2 attempts to break above its falling 8 year trendline. Let’s now combine the findings of our leading indicators with the observations platinum’s long term chart. We predict a platinum price rise of 35 to 50 pct in 2021.

Platinum Ounce = 4103609 383336 Ugandan Shilling (2021

PPLT is also structured as a grantor trust whose goal is to track the spot price of platinum, after deducting the fund’s expenses. The fund is backed by physical platinum held in a secure vault located in London. ETFs with very low assets under management , less than $50 million, usually have lower liquidity than larger ETFs. This can result in higher trading costs which can negate some of your investment gains or increase your losses. The best-performing platinum ETF, based on performance over the past year, is the GraniteShares Platinum Trust .

XPT Platinum Price and Chart

PLTM is structured as a grantor trust, which is backed by physical platinum held in a vault. The vault is located in London, and is inspected twice per year. The goal of the fund is to provide a cost-effective way to invest in platinum, by tracking the price of the platinum spot market, less the fund’s expenses.

Live Gold Price & Silver Price Charts Widgets

This may lead to supply shortage, which obviously is supportive of higher platinum prices. So what we can say is that platinum tends to make those big moves up only if silver is in a bull market. This may be an aggressive bull market or a tactical bull market. If we look back 50 years we see that platinum tended to move strongly higher every time silver did so as well.

  • Precious metals, and gold in particular, have always the symbol of wealth.
  • They can be used to spot trends in the price of a crypto, or to look for technical trading patterns that may provide both buy and sell signals.
  • Charts can potentially be useful for both short-term and long-term investors.
  • Gold as commodity money was only replaced by the fiat currency system after 1976, but it has continued to remain a solid investment asset until today.
  • Platinum futures prices, which generally drive these ETFs, have fallen 2.9% over the past 12 months compared to the S&P 500’s total return of 16.9%, as of November 10, 2020.
  • The first gold coins were struck in 600 BC and its use for monetary exchange lasted as long as the 1930s.

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Why This Platinum Price Prediction?

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Mastercard To Us Dollar Exchange Rates

These ETFs are backed either by physical platinum or platinum futures contracts, rather than stocks of platinum mining companies. Platinum prices have dramatically underperformed the broader market over the past year. CoinGecko provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. Note that there is hardly any platinum prediction for 2021 published. The only source available at the time of writing comes from Reuters which polled 24 analysts and traders. Surprise surprise, the platinum ounces held in ETFs is exploding.

We offer a range of over 55 currency pairs and CFDs on precious metals, energies and equity indices with the most competitive spreads and with the no rejection of orders and re-quotes execution of XM. Here we detail how our production and shipping methods work and the times you can expect to be completed for your order. The spot price of Gold per Troy Ounce and the date and time of the price is shown below the calculator. Totals for Gold and Silver holdings including the ratio percent of gold versus silver will be calculated. The Holdings Calculator permits you to calculate the current value of your gold and silver. Bullion refers to gold and silver that is officially recognized as being at least 99.5% pure and is in the form of bars or ingots rather than coins.

Temperature Response Data Table (typical)

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A few times silver went up first, but a few time platinum rallied much more than silver or did so before silver. The most reliable leading indicator appears to be the price of silver. In particular the platinum to silver price ratio is a good indicator for when the price of platinum is about to surge. The other leading indicator based on our research is the platinum to silver price ratio. That said, when it comes to platinum’s chart pattern we see that platinum is preparing an unusually powerful bullish breakout which would bring the price of platinum to $1350/oz, and next to $1500/oz in 2021. One other leading indicator, platinum’s COT report as per platinum’s futures market, suggests there is no major peak right now. As perTsaklanos his 1/99 Investing Principles it is only 1% of the time that platinum is wildly bullish.

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