Metals News June 19, 2024
19 thg 6, 2024
Silver is under pressure from U.S. stock indices reaching or approaching record highs, reducing its appeal. However, analysts suggest that with a slight increase in bond yields and some geopolitical uncertainties, silver prices may continue to be supported.
The settlement price for July Silver Contracts on June 18 was recorded at $29.56 per troy ounce, up 0.59% from the previous session.
For Platinum, the metal has reached new highs, surpassing significant resistance levels and attracting more interest from investors.
Platinum is supported by fundamental supply and demand factors. Limited supply from major producing countries like South Africa is making this market scarce. Meanwhile, demand in industries, particularly the automotive sector, continues to rise, driving up platinum prices.
Specifically, the July Platinum Contracts settled at $977.20 per troy ounce on June 18, an increase of 0.65% from the previous day.
Copper Contracts for July also increased, with the settlement price on June 18 at $4.49 per pound, up 0.97% from the previous session.
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