Silver and Platinum prices fly as investors search for ‘golden alternatives’

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Investors pour silver and platinum for “golden alternatives” and hedges against US dollars, send prices for both metal.

With Us $ 25 percent have risen to 25 percent since the beginning of the year, as a safe shelter for global capital in danger, as they use investors as a hedge against uncertainty.

However, with the condition of concern that gold can now be estimated now Precious metals Start holding like silver and platinum. Silver prices rose to a 13-year height, and Platinum prices are at the highest level in four years, with both metal more than 10 percent this month.

“Gold is the preferred dollar hedge and is the next iteration of this trade,” said Nicky Shiels, an analytical in the MKS Pamp, a bullion processing plant. “Gold has almost doubled (in the last two years) and this is ‘What’s next?’ the mindset. “

Shiels have pushed investors to seek an alternative to the dollar’s concerns about the debt of the US government debt.

Silver used for coins, as well as industrial processes, for more than a year, prices for more than this moment are the best month in prices over $ 36.

In June, the investments in the Excholik exchange, which supported the Silver, which has been drinking more than 300 tons of drink so far, has accelerated sharply.

“It feels like a stream of platinum and silver from gold relatives,” Suki Cooper, a precious metal analyst at Standard Chartered.

Historically, the gold-silver ratio of around 65, now it is 93 years old, saying silver is relatively cheap in gold.

Unlike gold, silver and plateaus, the need for a significant industrial use and for both metals is expected to be expected to be water supply. Silver, soldering and solar panels, as well as in production processes such as batteries and glass covers.

Platinum prices rose to $ 1.273 this week and increased by 18 percent since the beginning of the month and increased by 18 percent since the beginning of June to be the best month for Platinum since 2008.

According to the world’s Platinum Investment Council, car catalysts (40 percent), jewelry (26.5 percent) and other industrial applications (26 percent) are spread between Platinum Metal Requirements (26 percent) (26 percent) (26 percent).

Gasoline and hybrid cars are both using platinum in catalytic converters because electric vehicles have been a boon for platinum request.

There are also high gold prices Platinum jewelry has increased demand As a consumer alternative. In April, China, the Chinese platinum, said the interest renewed in Platinum jewelry.

Platinum faced a structural deficit of the third straight year, and prices began to rise in response to this deficit, because the existence of the above platinum shares was recently exhausted.

“We expected to be in a very deep deficit of both silver and platinum in 2025,” he said. “So you have more support.”

Investor, Platinuma demand, 70,000-ounce from the beginning of the year increased with platinum ETFs.