The Price Of Platinum Since 1990

January 25, 2017

Where is the price of platinum today? Here are some answers with these two graphs.

The Price Of Platinum

During the period between 1990 and 2002, the price per ounce of platinum was in a channel between $330 and $ 500 per ounce.

Horizontal Channel Output

In 2000-2002 the price of the ounce came out of its horizontal channel. Subsequently, the trend surged from $500 to $2,249 in March 2008.

A New Support

From 1990 to 2002 the price support was $330 per ounce. That is, the purchase area was $330 per ounce of platinum.

The New Support

The new medium zone of purchase now seems to be in the area of $750-800.

Technical Analysis And Fundamental Analysis

Some will ask: "Why would the platinum price not go back to $330? " I will answer that with another question: "How much were the costs of producing platinum in 1990 vis-à-vis today? Well, the production costs of one ounce of platinum have more than doubled since the 1990s. Consequently, it is normal (i.e. rational) for the lower support to increase. What is shown by the technical analysis is confirmed by fundamental analysis. If you read some annual reviews of mining companies in the platinum sector, you'll understand this concept.

Platinum Production

Platinum production increased from 5 to 7 million ounces from 2000 to 2006 as a result of higher prices.

2006 Peak Production Of Platinum?

Starting in 2006, platinum production begins to fall despite rising prices until March 2008.

My previous topic on platinum is October 1, 2008 (I'm patient). This is the red arrow on the platinum price chart. When I wrote it, I thought we were in the low zone. Today I have the same feeling (But this is only my opinion, nothing more).

Warning! Nothing says that we will come out as fast as in 2008.

Most silver is produced as a byproduct of copper, gold, lead and zinc refining.

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