Skip to main content

On the charts, platinum has a mixed, but improving technical profile. Intermediate trend is neutral. However, platinum bottomed in mid-December at $1,311.70 (U.S.) and recently moved above its 20- and 50-day moving averages. Last week, platinum started to outperform equity benchmarks, including the S&P 500 index and S&P/TSX composite index, and its intermediate downtrend was broken. A move above $1,481.30 will establish an intermediate uptrend.

Story continues below advertisement

Report an error Editorial code of conduct
As of December 20, 2017, we have temporarily removed commenting from our articles. We hope to have this resolved by the end of January 2018. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.