Traditionally, on Monday, we invite you to read the summary of the prices of precious elements from the last few days. How did the quotations of platinum, palladium and rhodium become shaped after the picnic?
In the platinum course, three periods can be distinguished – growth – fall – increase, with the latter being dominant. The week started with the value of USD 874 / ounce. After the weekend, the price increased little – by less than 4 dollars / ounce. Then, as we mentioned, there was a sharp decline, lasting until Thursday. During this time, the course went down by almost $ 27. On Thursday, May 9, an ounce of platinum cost $ 851 / ounce. Despite the Friday’s increase, the final exchange rate was 868 USD / ounce, and the week rather hard to count for successful. It is also worth noting that during the last month, the average weekly value of the exchange rate was declining, and in the last days was 868 USD / ounce.
In the case of palladium, the situation looks even worse. Here, we observed a drop in price for virtually the entire period discussed, with the exception of Friday. Only then did the chart line go up. On Friday, May 3, an ounce of this element was worth $ 1,373. Already after the weekend it was lower by 37 dollars. The next three days brought a continuous, systematic drop in value. This trend ended on Thursday, when the rate reached USD 1 289 / ounce. Finally, on Friday, the rate was USD 1 348 / ounce. As with platinum, the weekly average decreased during the last month.
When it comes to family quotations, we also do not have the best news for you here. On May 3 – 6, we could see stagnation in the quotation chart. The price was then USD 2,740 / ounce. Later there was a very short period of growth, which, because of its height, can be considered as symbolic. From 8 to 10 May, we can talk about a significant drop in value. On May 10, the family price was USD 2,700 / ounce, and the week on the precious metal market was closed with such a price.
In such a situation, we can only count on the fact that such weak quotations are only a matter of a bad week. However, it is necessary to focus on the fact that such a tendency may continue.
Gold in not the worst condition. We started the week with a rate of 1 280 USD / ounce. Despite the temporary drop that took place on Tuesday, the price for the rest of the week grew steadily to get the value of 1 286 USD / ounce on Friday. The average exchange rate was 1 282 USD / ounce. We are waiting for a good run, which we could enjoy in February.
Things are different in the case of silver. In addition to the temporary increase from Wednesday and Friday, the fall continued for most of the week. The price finally dropped by a small amount – USD 0.17 / ounce, so the weekly balance is not the worst.
The USD / PLN exchange rate initially increased until Tuesday, reaching 3.834. Then he gently fell to Friday, May 10. Finally, it amounted to 3.820. The EUR / PLN exchange rate, in turn, increases throughout the week. Initially, it amounted to 4.273. The highest value was reached on Thursday, 9 May. At that time it was 4.298. Only on Friday we observed a decline and eventually the EUR / PLN rate reached 4.288.
We invite you to observe the precious metal rates found in car catalysts, which you can find on our website, in the „Exchange rates” tab.
Price list of used catalysts by numbers as always in the catalog.