Platinum’s Push

Platinum has a very strong seasonal pattern to start the year. Over the last 25 years prices have gained over 75% of the time for an average return of 6.02%. The maximum drop in a positive year has been -7.38%, so the technicals look attractive for dip buying platinum if we see a pull back in early January.

This year analysts see high industrial demand for platinum in 2024 and the interest in Hydrogen as an energy alternative can also see increased demand for Platinum. Will we see automotive industry demand for Platinum also keep rising and lifting prices into early 2024?

This is certainly one very strong seasonal pattern to watch each year around the start of the New Year! Don’t miss it!

The major trade risk here is that previous seasonal patterns don’t necessarily repeat each and every year.

Remember don’t just trade it, Seasonax it!