Saad Ullah
⬤ Platinum has been stuck in consolidation mode while silver races ahead, forming what traders call a symmetrical triangle on the charts. This coiling pattern usually breaks to the upside when commodities are heating up. The fact that platinum hasn't moved much yet, even as silver takes off, actually hints that something bigger could be brewing.
⬤ Think of this triangle as platinum winding up like a spring. The longer it compresses, the more explosive the breakout tends to be. Right now, platinum's just sitting there building pressure while other precious metals are already making moves. That compression phase? It's setting up what could be a pretty serious price jump once the breakout finally happens.
⬤ Here's the interesting part: when lagging metals like platinum keep coiling while the leaders gain momentum, it usually means we're still early in the cycle. If you're worried about silver pulling back soon, platinum's lack of movement might actually be reassuring. A platinum breakout would mark its turn to surge, adding more fuel to the precious metals rally.
⬤ The setup looks bullish. This consolidation phase should give way to a breakout soon, and when it does, platinum will likely follow the same upward path we've seen in other precious metals. Could be the start of a broader commodity bull run.
Saad Ullah
