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PLTM - PLTM Weekly: Platinum The Next Precious Metal To Outperform
GraniteShares Platinum Shares
Thesis
Welcome to Orchid's Platinum Weekly report, in which we discuss platinum prices through the lenses of the GraniteShares Platinum Trust (PLTM).
PLTM has continued to move higher toward our Q2-20 max target of $9 per share, reflecting a broad-based appreciation in the precious metals space.
We expect platinum to be the next precious metal to follow a “catch-up” phase after silver. While gold initially led the pack in Q1 due to its better liquidity/safe-haven characteristics, silver has begun to outperform since the start of the second quarter.