Like every week, Monday we start with the analysis of precious metal quotations from last week. We focus mainly on these noble elements, which are valuable inside catalysts. More specifically, platinum, palladium and family.
Last time, we were pleased to announce that the palladium exchange rate reached the highest in its history price per ounce, which amounted to 1 396 USD on January 17 this year. We have not seen such a course yet in the entire 20-year history of our company, and the quotes, as you know, we follow on a regular basis.
Has the previous week been successful for platinum? It’s hard to say clearly. The rate began to drop steadily since Friday. This state of affairs continued until Tuesday. At the time, an ounce of this element was worth just 793 dollars on the global stock market. After reaching this value, the chart began to climb up. At first, however, the element increased its value with great impetus from Thursday. The week ended with less than $ 822 on January 25, an increase of $ 22 in seven days. The average value of this metal was just over 802 USD. This is not a high amount considering that its average value in the last year was $ 868.
Source: Bankier.pl
As we can see in the above chart, the average in the last year, despite various turbulences and periodic increases, systematically decreases (not counting November’s increase).
Now what interested us the most – the palladium quotations – has we managed to maintain a high rate? Unfortunately, the answer is negative. The week began not bad, because with an ounce price of 1 337. Then it was only worse. The graph line showed us a decline throughout Monday and Tuesday. Pallad returned to the value of 1306 USD.new. Then there was a slight increase, but the word „small” is not accidental here. The price of an ounce increased by just under $ 3. It was a short moment of joy, because Wednesday came Thursday, and with it the value of palladium decreased by 27 dollars / ounce and amounted to 1 282 USD. On Friday, we were able to watch small loss recovery, but only to the value of 1 323 USD / ounce. We miss the last revelations a bit. Can we expect a repeat of the last palladium results? We are not answering this question for now.
What about the family? We definitely can not complain here. After the last moments of relative stability and sudden drops, we followed the charts closely and wiped our eyes with amazement at how quickly the metal recovered its losses, and additionally the chart climbed higher than we expected.
As we mentioned in the last analysis, the value of the ounce of the family began to climb up already on January 16. However, this was a prelude to what happened later. On January 18, we observed an amount of USD 2,310 / ounce. Even then it was quite an interesting price. The next day the ounce was worth $ 5 more, in turn the weekend only sealed a good run and the family reached a ceiling of 2,320 USD / ounce, which remained until the end of this period.
Gold for most of the week without surprises. The price of an ounce fluctuated around USD 1 280. At the end we were only dealing with a significant increase – as much as 22 – dollar. So the week ended with the amount of 1302 USD / ounce – which is the highest value for half a year.
Source: Bankier.pl
Silver in a similar situation. For most of the week, the ounce was at around $ 15.30 / ounce. The end of the week brought an unexpected increase, which may not be as spectacular as in the case of gold, but there is nothing to complain about. 15.76 USD / ounce – we have not seen such a value in the end since the beginning of January. We’ll see what the current week will bring.
We invite you to current quotations of precious metals and exchange rates. You will always find them in our unimalable tab „Price list”, in the special subheading „Stock exchange rates”