Listen to the latest market mood for the Platinum.

From the period of December 20 through to February 28 Platinum has gained in value in 24 of the last 25 years, so it could be a great time to buy Platinum. On top of this rising price Platinum is also projected to have a 2020 supply level of 6738 koz. This is versus a demand of 7940 koz. So this means there is a supply shortage to meet demand.

Furthermore, projected supply levels according to the World Platinum Investment Council are expected to rise to 7865 koz. However, demand is again expected to exceed supply in 2021 with a level of 8089 koz.

Therefore, expect Platinum buyers on pullbacks and breakouts.

Trade Risks: The main risk to this trade is if there is a sharp risk off tone which boosts the USD higher and causes Platinum to fall.

Chart

Learn more about HYCM

High Risk Investment Warning: Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high degree of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent expert advice if necessary and speculate only with funds that you can afford to lose. Please think carefully whether such trading suits you, taking into consideration all the relevant circumstances as well as your personal resources. We do not recommend clients posting their entire account balance to meet margin requirements. Clients can minimise their level of exposure by requesting a change in leverage limit. For more information please refer to HYCM’s Risk Disclosure.

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