Given the renewed interest in commodities and positive sentiment in gold, price risks for the (platinum group metals) are still very much on the upside, in our view.
Physical buying could help provide some support, but it is still unclear at which price levels they would re-emerge in significant quantities.
Market conditions will remain nervous and there is a general sense of uncertainty over the next big price move.
Don't miss the boat, again. Supply and demand fundamentals remain constructive for the price up-trends to persist.
Speculative activity will continue to dominate price movements, with fund interest based on justifications such as economic slowdown, inflationary concerns and hopes of Asian central bank buying and soaring physical demand.