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Precious Metals First Quarter 2018 Review And The Outlook For Q2 2018 – ETFS Physical Precious Metal Basket Trust ETF (NYSEARCA:GLTR) | Seeking Alpha

03 Tuesday Apr 2018

Posted by in gold, market, precious metal market, scrap precious metals

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Weighing in on the precious metal market

Summary

Gold is the only precious metal that moves higher in Q1.

Silver underperforms and posts a loss for the first quarter.

Continued weakness in platinum.

Palladium rises to a new record high, reverses, and posts the biggest loss in the sector.

Bullish and bearish factors facing precious metals in Q2.

The precious metals sector of the commodities market posted an overall loss in the first quarter of 2018.

The composite of the four precious metals that trade on the COMEX and NYMEX divisions of the CME dropped by 8.10% in 2014. The sector fell by 19.46% in 2015, but in 2016, precious metals gained 11.71 %. Precious metals moved 20.19% higher in 2017 posting its second consecutive annual gain. In Q1 2018, the sector moved 4.08% lower in a corrective move led by losses in palladium and silver. The sector declined despite a continuation of weakness in the US dollar which declined by 2.19% over the three-month period.

 

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