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Platinum: Demand is again expected to exceed supply in 2021

23 November 2020

 

From the period of December 20 through to February 28 Platinum has gained in value in 24 of the last 25 years, so it could be a great time to buy Platinum. On top of this rising price Platinum is also projected to have a 2020 supply level of 6738 koz. This is versus a demand of 7940 koz. So this means there is a supply shortage to meet demand.

 

Furthermore, projected supply levels according to the World Platinum Investment Council are expected to rise to 7865 koz. However, demand is again expected to exceed supply in 2021 with a level of 8089 koz.

 

Therefore, expect Platinum buyers on pullbacks and breakouts.

 

Trade Risks: The main risk to this trade is if there is a sharp risk off tone which boosts the USD higher and causes Platinum to fall.

 

Source:https://www.fxstreet.com/analysis/platinum-demand-is-again-expected-to-exceed-supply-in-2021-video-202011230912