TechFlow news, on October 23, as global silver prices plunged and gold prices sharply corrected, platinum prices surged逆势. Spot platinum rose 6.4% this week, marking its largest intraday gain since 2020. Currently, spot platinum contracts are trading at a premium of $53.45 over futures, indicating surging demand for physical platinum and showing signs of a "short squeeze" similar to the silver market.
Meanwhile, the potential tariff risks facing the U.S. government have further fueled the rise in platinum prices. The U.S. may impose Section 232 tariffs on platinum and other platinum group metals, further boosting market demand for platinum.
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