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Is Platinum Group Metals stock a buy?

The Platinum Group Metals Ltd stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.

What is the stock symbol for platinum?

Platinum (PL:NMX)

What is platinum trading?

Live Metal Spot Price (24hrs) Nov 03, 2021 at 07:00 EST

Platinum Spot Prices Today Change
Platinum Price / Oz $ 1,060.76 4.46
Platinum Price Per Gram $ 34.1 0.14
Platinum Price Per Kilo $ 34,104.23 143.39

Is it good to invest in platinum?

Platinum offers a unique investment opportunity, with strong merits to consider: Platinum’s precious underpin offers a low-risk entry for investors looking to buy into this investment asset. Platinum has a low correlation to the performance of traditional assets and performs well during periods of economic recovery.

What will platinum be worth in 10 years?

What will platinum be worth in 10 years? The most bullish forecasts suggest the platinum price could exceed $4,000 an ounce by the end of 2031.

Is platinum expected to rise?

The metal’s supply in 2021 is expected to rebound to near 2019 levels on the back of “the South African recovery following the extreme disruptions of 2020”. The overall demand for platinum is expected to increase to 7.753 million ounces in 2021, up 1% from the previous year, according to the WPIC.

Should I invest in platinum?

Reasons to invest in platinum. Although platinum is often overlooked by many investors, there are several reasons to invest in platinum, including: Limited source of supply: Even though more platinum is being found around the world, it is still much more rare than gold and silver.

How much does platinum cost?

The per ounce cost will generally go down as the amount of ounces purchased goes up. For example, a dealer currently has a 1 ounce platinum Valcambi bar selling for $1,533 and a 10 ounce varied brand platinum bar selling for $15,030.

What is current spot price?

What It Is. The spot price is the current market price at which an asset is bought or sold for immediate payment and delivery. It is differentiated from the forward price or the futures price, which are prices at which an asset can be bought or sold for delivery in the future.

What is the price of platinum?

“With the commissioning of an economic assessment, a preliminary economic assessment (PEA), New Age Metals’ River Valley PGMs project is now moving to the development stage. Looking ahead at price expectations for 2019, firms polled by FocusEconomics estimate that the average platinum price next year will be US$875.