Page 34 - Bullion World Volume 04 issue 12 December 2024

Bullion World | Volume 4 | Issue 12 | December 2024

Could Platinum and Palladium Be the

Next Big Winners in Precious Metals?

Mr Prathik Tambre, Bullion Analyst, Bullion World

Platinum: A Sleeping Giant?
As of December 2, 2024, platinum is trading at $954, firmly within
its established range of $900 to $1100. Despite this range-
bound movement, the fundamentals paint a promising picture.
Tightening supply is creating conditions that could lead to upward
price movements. A sustained close above the $1100 resistance
level could signify the start of a bullish trend, with the potential to
reach $1500 over the next two years. Investors looking for entry
points might consider $880, though such a level seems unlikely at
present. The medium- to long-term outlook positions platinum as
a valuable addition to a balanced portfolio.

Palladium: The Unsung Companion
Palladium, often linked to platinum due to their shared industrial
applications, also holds strong potential. Trading at $992, it
mirrors platinum’s pattern, moving within a range of $850 to
$1200. A breakout beyond these levels will be key to determining
its trajectory. If prices test the $880 support level, buying
interest is anticipated. Over the next two years, palladium’s
"Could Platinum and Palladium Quietly upward trajectory could take it to $1800-$2000, driven by robust
Outperform Gold and Silver?" industrial demand and limited supply. This positions palladium as
As the focus often remains on traditional a compelling alternative to more widely traded metals.
precious metals like gold and silver, platinum
and palladium are emerging as strong A Bright Future for Platinum and Palladium
contenders for investors' attention. Current Platinum and palladium offer unique opportunities in the
market trends suggest these metals may offer current market. Their steady price ranges present avenues for
substantial returns in the coming years, making strategic accumulation, and their long-term potential suggests
them an intriguing option for those seeking they could outshine gold and silver in returns. For investors
diversification.
looking to diversify or hedge against economic uncertainty, these
metals provide an attractive alternative. With constrained supplies
and growing demand, platinum and palladium could soon emerge
as the true jewels of the precious metals market.

34