Big jump in the prices of silver, platinum and palladium in the world market

Amid the news of the increase in the price of gold in the world market, investors are now paying attention to silver, platinum and palladium. By the end of this week, an upward trend has been observed in the prices of these three precious metals.

Market analysis on Friday (August 7) ​​showed that the price of spot silver has increased by 3.3 percent to $ 63.48 per ounce. Analysts say that the price of silver has been at the highest level of a certain limit (trading range) for the last two months. If the market situation is favorable and this limit can be crossed, there is a strong possibility that the price of silver will move towards $ 68 per ounce.

The prices of other precious metals have also increased in line with silver. The price of platinum in the market has increased by 1.5 percent to $ 1,755.90 per ounce. In addition, the price of palladium rose 0.3 percent to $ 1,374.30. The overall market situation suggests that along with gold, these three metals are going to show investors' profits this week.

It is worth noting that the price of gold also increased by more than 1 percent in the global market on Friday due to the impact of falling fuel prices. Spot gold prices increased by 1.1 percent to $ 4,285.89 per ounce. This week, gold prices have increased by a total of 6 percent, which is the highest weekly rise since January.

Source: Reuters