Silver, Platinum, and Palladium Strain After Tariff Announcement, Commerzbank Says

Silver, Platinum, and Palladium Strain After Tariff Relief, Commerzbank Says

Following the recent tariff announcement, Silver, Platinum, and Palladium experienced initial price gains, but they failed to maintain momentum, ultimately trailing behind Gold. According to Commerzbank commodities analyst Carsten Fritsch, while trade tensions eased temporarily, the price performance of these metals remained disappointing.

Fritsch highlights that the Gold/Silver ratio continues to be very high, sitting just below 100, as do the ratios of Gold to Platinum and Palladium, which stand at over 3:1. The disparity in price movements between Gold and other precious metals, like Silver and Platinum, is attributed to the previous escalation of tariffs, which kept prices of these metals suppressed.

Despite the relief in trade tensions, uncertainty around a long-term resolution to the tariff standoff remains, impacting the performance of precious metals across the board.