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Platinum Futures Is 2% Up In The Last 5 Sessions

Platinum Futures Is 2% Up In The Last 5 Sessions
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(VIANEWS) - Platinum (PL) has been up by 2.96% for the last 5 sessions. At 05:53 EST on Wednesday, 7 June, Platinum (PL) is $1,046.30.

Volume

Today's last reported volume for Platinum is 3859, 99.99% below its average volume of 10148520237.71.

Volatility

Platinum's last week, last month's, and last quarter's current intraday variation average was a positive 0.50%, a negative 0.32%, and a positive 1.42%, respectively.

Platinum's highest amplitude of average volatility was 1.08% (last week), 1.23% (last month), and 1.42% (last quarter), respectively.

Commodity Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Platinum's commodity is considered to be oversold (<=20).

Previous days news about Platinum (PL)

  • Subdued outlook for palladium, platinum with more upside potential – commerzbank. According to FXStreet on Tuesday, 6 June, "We are confirming our forecast for the Platinum price at the end of 2023 at $1,150, but have raised our forecast for the end of 2024 to $1,300 (previously $1,250).", "In contrast to Palladium, structural supply deficits are looming for Platinum in the coming years."

More news about Platinum (PL).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.