Trump’s new tariffs on auto imports from 🇨🇦, 🇲🇽, and 🇨🇳 are sending shockwaves through the platinum market! ⚡️ With the U.S. auto industry—accountable for nearly 40% of global platinum demand—likely to see reduced sales, platinum prices could drop significantly ⬇️.
Plus, supply chain uncertainties, a stronger U.S. dollar 💵, and potential interest rate hikes 📈 are adding even more pressure.
What’s your take on these bold trade moves? 🤔 Drop your thoughts below and let’s chat!
SILVER The price near 31.63 is a short-term strong support for SILVER. If you are trading, you can still earn the difference by shorting SILVER next week. SILVERSI1!PL1!SILVER1!
PLV2024 A curious spread has opened on Platinum with a volume of 1000 contracts. If you are familiar with the subject, you will realize that an Insider has entered the market. Such deals only appear once or twice a year. Don't miss it!