• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 day "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 6 days America should go after China but it should be done in a wise way.
  • 1 day World could get rid of Putin and Russia but nobody is bold enough
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 9 hours Even Shell Agrees with Climate Change!
  • 2 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 12 days Does Toyota Know Something That We Don’t?

Breaking News:

OPEC Lifts Production in February

Why January Could Be a Good Month for Gold

Why January Could Be a Good Month for Gold

Since 1971, gold has had…

Central Banks Continue To Boost Gold

Central Banks Continue To Boost Gold

Central banks worldwide added 77…

Metal Miner

Metal Miner

MetalMiner is the largest metals-related media site in the US according to third party ranking sites. With a preemptive global perspective on the issues, trends,…

More Info

Premium Content

Precious Metals Prices Stagnate Amid Global Uncertainties

  • Palladium prices experienced a rapid decline and entered a bearish trend.
  • Platinum prices remained relatively stable, showing no clear market direction.
  • Gold prices initially surged but are now caught in a sideways trend, while silver struggles to demonstrate a strong bullish breakout.

Via Metal Miner

The Global Precious Metals MMI (Monthly Metals Index) maintained a sideways trend once again, this time moving up only 2.07%. That said, the overall future for precious metals prices brightened recently. For example, through October, gold increased around $150 per ounce. However, there were several variations in the prices of precious metals between October 1 and November 1. Numerous factors, including macroeconomic conditions, central bank policies, and geopolitical tensions, significantly impacted these variations.

precious metals prices

Palladium Prices

Unlike other precious metals prices, palladium dropped quickly once the conflict in the Middle East began earlier last month. Analysts currently observe palladium prices forming new lower lows while also failing to reverse to the upside. This means the trend is currently bearish and will remain uncertain for any buyers who wish to participate in this market.

palladium precious metals prices

Source: TD Ameritrade

Precious Metals Prices: Platinum

Meanwhile, platinum prices remained generally unaffected by the conflict in the Middle East. Indeed, prices remain sideways, with no real strength to either side. Currently, the overall market direction for this metal remains unclear and uncertain.

platinum prices

Source: TD Ameritrade

Precious Metal Prices: Gold

Although prices jumped rapidly due to the conflict in the Middle East, gold price action seems to be forming a sideways trend as historical resistance levels continue to pressure prices. With prices currently trading below the recently formed high, the overall price trend appears neither bullish nor bearish.

gold prices

Source: TD Ameritrade

Silver Lags Behind Gold

Unlike gold, silver prices have yet to breach prior highs with any significant strength. Although they did manage to break the September 2023 high, prices failed to confirm a bullish breakout. Meanwhile, price action has not continued to the upside. As bearish pressure from historical resistance levels continues to weigh on silver, the index could enter a sideways trend. Ultimately, the overall price direction remains unclear.

silver precious metals prices


Source: TD Ameritrade

By The MetalMiner Team

More Top Reads From Oilprice.com:

Download The Free Oilprice App Today

Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News