- Analytics
- News and Tools
- Market News
- Silver, Platinum and Palladium lag behind Gold – Commerzbank
Silver, Platinum and Palladium lag behind Gold – Commerzbank
Commerzbank’s experts continue to expect Silver to end the year at $30 per troy ounce, Platinum at $1,100 per troy ounce and Palladium at $1,050 per troy ounce. They are taking into account that the recent rise in the Gold price to a record level has failed to have an effect on the three precious metals mentioned above, Commerzbank’s commodity analyst Carsten Fritsch notes.
Forecasts for the other three precious metals remain unchanged
“This is probably due to the weak price trend in base metals, the reason for which we discussed above. This is because silver, Platinum and Palladium each have a high industrial use, meaning that economic concerns have a negative impact on price trends.”
“We think that silver, Platinum and Palladium will catch up slightly with Gold next year, as the economic outlook is likely to brighten as a result of the interest rate cuts. In addition, supply deficits are looming for all three markets, which should also have a positive impact on price developments.”
“For the end of 2025, we expect a silver price of $33 per troy ounce (previously $31), a Platinum price of $1,250 per troy ounce and a Palladium price of $1,200 per troy ounce (unchanged in both cases).”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
