In my Q1 2023 precious metals report on Barchart, I highlighted platinum’s 7.41% quarterly decline after an 11.13% rally in 2022. Nearby NYMEX platinum futures closed at the $994.10 per ounce level on March 31, 2023. I wrote, “Platinum has been in a bearish pattern of lower highs and lower lows since reaching a record peak in 2008.”
On December 28, 2022, I wrote:
