Platinum May Move Up Following ECB Rating

Seeking Alpha reported the results of an ECB meeting on Friday may result in higher gold, silver and platinum prices.

As quoted in the market news:

Gold, silver and platinum are about to become massive beneficiaries of eurozone monetary easing. If the ECB does what I think it will do, all three metals are likely to take off over the next few months, starting with a very large short squeeze. The velocity of price increase may well progress at a rate never seen before, over such a short period of time. Given market tightness and the fact that central banks have a hard time supplying the physical commodity, silver is likely to rise fastest, at least in the short term (before the end of August).

Click here to read the full Seeking Alpha report.

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