Gold and Platinum in Consolidation Mode – Perth Mint Reports Silver Boom - Metal.com

Perth Mint commentary points to gold and platinum consolidating while silver demand is accelerating, implying near-term range trading in gold/PGM versus stronger momentum in silver. Desk takeaway: favor relative-value positioning (long silver vs gold/platinum) while keeping gold hedges given consolidation risk. If the Mint’s reported silver strength reflects retail/physical flows, it can tighten nearby availability and support premiums even if paper prices chop. Watch for confirmation via ETF flows and local physical premiums.