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HSBC says platinum supply is tightening, but the deficit is narrowing.
2026-10-22
HSBC says platinum supply is tightening, but the deficit is narrowing.
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2026-10-22
Spot silver fell $0.30 intraday, down 4% on the day, at $55.65/oz.
Spot silver fell $0.30 intraday, down 4% on the day, at $55.65/oz.
2026-10-23
Precious metals fell broadly. Short-term moves in the USD index and U.S. Treasury yields will dominate price direction; the October Fed meeting and international oil will be the main upstream drivers. Huishang Futures says the pullback is driven by r
Precious metals fell broadly. Short-term moves in the USD index and U.S. Treasury yields will dominate price direction; the October Fed meeting and international oil will be the main upstream drivers. Huishang Futures says the pullback is driven by rising Fed rate-hike expectations and concentrated long liquidations: stronger U.S. jobs and inflation data have repriced a higher-for-longer policy path, lifting real yields and the dollar and raising the carrying cost of non-yielding metals. Fading geopolitical risk premia and Weaker industrial demand have amplified silver’s decline. Jinrui Futures attributes the rout to a reversal in the macro rate backdrop and trade-driven deleveraging: deteriorating financial conditions set the common downwards direction, while differences in market liquidity, investor structure and industrial demand explain cross-commodity dispersion. After the prior sharp correction, a technical rebound is possible, but any sustained recovery depends on the subsequent paths of U.S. yields and the USD.
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