Platinum (XPTUSD) Tops All metals; Up 1.85%

Platinum Daily Price Recap

Platinum entered today at 771.8075 in US dollars, up 1.85% ($14.0478) from yesterday. Platinum outperformed all 5 assets in the metals asset class since yesterday. Here is a daily price chart of Platinum.

Platinum Technical Analysis

Volatility for Platinum has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Traders will also want to note, though, that a counter trend — meaning a trend going up — can be seen on the 30 day timeframe. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to sell rallies. For another vantage point, consider that Platinum’s price has gone up 8 of the previous 14 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Platinum:

  • From davidturner1989:

    @TFTimeMachine running a few episodes behind due to being busy at work, only just seen the new tiers and have immediately gone platinum. Melchester Odyssey worth double the platinum price on its own! From the murder house cunter.

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Close: $777.5 USD per oz 2020-04-27 12:30:23 HKT

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Close: $770.5 USD per oz 2020-04-28 12:30:23 HKT