Forecast review also for silver, platinum and paladio – Commerzbank

In addition to gold, we have also reviewed our forecasts for silver, platinum and paladium, says Carsten Fritsch, commerzbank raw material analyst.

Limited bullish potential for paladium

“We hope that the silver will end the year by 37 $ per Troy ounce, the platinum at $ 1,250 per ounce Troy and the paladium in $ 1,100 per Troy ounce. The previous forecasts were $ 34 for silver and $ 1,000 for both platinum and paladium. At the end of next year, we see the silver at $ 40, the platinum in $ 1,400 and to the paladium in $ 1,200 (previously $ 3,200 (previously $ 36. $ 1,100 and $ 1,050 respectively). “

“Therefore, silver and platinum should greatly increase in line with gold, while the paladium probably rises much less. The reasons in favor of an increase in the price of gold can only be applied to silver to a limited measure and hardly or not at all to platinum and paladium. This argues against prices to win more terrain against gold. However, the subvaluation of silver and platinum considerable. “

“Therefore, both precious metals will probably be seen by investors as a cheaper investment alternative. In addition, both markets will probably follow structurally subbaste. The paladium, on the other hand, could be at risk of excess supply if the demand for the automotive industry continues to fall and more Paladio. “