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I smell BS from David.
Platinum is now front and centre.
While we expect all precious metals to rise over the coming years, our conviction remains that:
Platinum has already begun to move sharply over recent days, and we are increasingly excited by the upside potential. On a realistic long-term basis, platinum has the scope to outperform gold by at least 3x.
- Silver will outperform gold over the broader cycle
- Platinum will outperform silver into the end of this decade
For context:
If (more accurately when) gold is trading toward USD 15,000 in the years ahead, platinum could quite feasibly return to its historical premium to gold.
That implies a 10x move in platinum from current levels.
Short-Term Technical Outlook
On the technical front, silver remains firmly on course, with clear upside objectives at:
The question is not if, but how quickly these levels are achieved.
- USD 107.00
- USD 121.80
I will continue to update as new information emerges and as market conditions evolve.
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